Edmonton Economic Statistics

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Key Economic Indicators - July 2010 

Monthly Key Economic Indicators Edmonton key economic indicators and commentary (Two Page, PDF). Click here to download Monthly Key Economic Indicators PDF

Summary
A year ago the expectation was that the economic fundamentals in Alberta and Edmonton were such that we should be able to ride out the recession at or near the top of the pack. In the early months that appeared to be the case. However, today's numbers provide further evidence that the expectations of a year ago were somewhat optimistic. Edmonton has returned to sustainable levels and should continue to this trend and continue to weather the current economic storm.

Labour Force Characteristics
In the month of July, total employment increased in Edmonton by 800. All job losses were in part-time jobs, while full-time jobs saw an increase. Unemployment rate (7.1%) decreased slightly while labour force numbers were on par from the previous month.

Consumer Price Index
Inflation for the Month of July was 1.5% in Canada, 1.5% in Alberta, and 1.4% in Edmonton. Increased housing and energy prices are responsible for some of the moderate inflation. The appreciation of the Canadian dollar over the last year, as well, as a somewhat slack job market and excess capacity has caused inflation to stay at moderate levels.

Housing
Housing prices overall were up more than 1% over the same period last year. Despite mortgage rate increases throughout the last few months, rates are not out of reach of most home buyers. For those looking to list and sell: there were almost 3,000 listings in Edmonton, up almost 7% from last year. There were almost 1,300 homes sold, down more than 43% from July 2009.

Building Permits
Related to new housing starts, residential building permits were $177 million, almost a 125% increase over July of last year. Non-residential permits were down almost 44%, with $47 million in permits issued.

Airport Passenger Traffic
Airport passenger stats are up slightly, 1.6%, from last year, a total of more than 546,000 passengers for the month of July. As expected International visitor numbers will decrease for the summer months, but domestic numbers are expected to increase. Growth of passengers in the coming months will be key to seeing a rebound in the travel market in Edmonton after a rough year in 2009.

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Key Economic Indicators - Previous

To view the month end summary of Key Economic Indicators for a prior month, select the appropriate PDF from the list below.

2009

2010

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Northern Alberta Major Projects Summary

Summary by Industry Sector

To view .pdf versions of these reports click on the report name.

• Northern Alberta Major Projects List
• Greater Edmonton Major Projects List

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Disclaimer

Edmonton Economic Development Corporation provides this information in good faith, but gives no warranty nor accepts any liability for any incorrect, incomplete or misleading information or its improper use. If you are aware of any information that should be added or corrected, please contact our Knowledge Management Unit at 780.917.7877 or fax: 780.426.0535.

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