Calgary’s Unemployment Rate Rises Above National Average, Driven by Rapid Population Growth
Calgary is grappling with a rising unemployment rate that has outpaced the national average, but the trend isn’t due to widespread layoffs. Since 2022, the city has experienced a surge in population growth, with newcomers arriving faster than the job market can absorb them.
Experts highlight that the economic situation in Calgary remains stable, with no major downturn in employment sectors. Instead, the higher unemployment rate reflects a lag in job creation and placement as the city accommodates its expanding population.
The influx of people to Calgary is driven by its appeal as a vibrant urban center with a strong energy sector, diverse industries, and affordable living costs compared to other major Canadian cities. However, the rapid pace of migration has placed pressure on local job markets, creating a temporary mismatch between job seekers and available positions.
City officials and economists are optimistic that this imbalance will level out in the coming months as new businesses and industries adapt to the increased labor pool. Meanwhile, the focus remains on fostering job growth, improving skills training programs, and enhancing employment opportunities to keep pace with the city’s booming population.