How Will Alberta Perform If A Recession Happens?

Calgary, Edmonton, Alberta

2023/01/30

Alberta’s economy will perform better due to: Tight labour market High commodity prices Any potential recession will feel milder in Alberta as higher commodity prices will fuel demand for labour. Higher commodity prices will also help the province catch up to other provinces in wage growth. Job seekers for every job opening 1.1 Unemployment rate 5.8% Job vacancy rate 5.1