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Edmonton Economic Statistics
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Key Economic Indicators - January 2010
Monthly Key Economic Indicators Edmonton key economic indicators and commentary (Two Page, 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
The Edmonton labour market showed gains across the board in the month of January. Employment in Edmonton increased by 0.8% and the labour force grew by 0.2% over the previous month. Total employment increased by 4,900 over the previous month; showed by gains in full-time jobs(+1,300) as well as in part-time jobs (+3,600).The unemployment rate went down 0.6% from the previous month. In January, the employment rate was 6.7%, continuing the trend from December. Edmonton's unemployment rate is still below the Canadian average of 8.2%.
Consumer Price Index
Again Edmonton showed a positive inflation rate in the month of January. Consumer price indices in January increased by 1.9% in Canada, 1.7% in Alberta, and 1.8% in Edmonton over a year ago. Increased commodity prices are one of the reasons for the moderate inflation for the month of January.
Housing
Strong sales continued in the Edmonton housing market this month. January residential sales were up 21.1% from the previous year. Average house price was on par with the month of December to $302,439. Mortgage rates are still very attractive and sellers seem to be realistic in pricing. If this trend continues the Edmonton housing market will show continued strength into the new year.
Building Permits
Residential building permits increased while non-residential building permits in Edmonton decreased in January compared to December. Residential permits were up considerably, 89.1%, over the previous month while non-residential were down by 224.3%. Year-over-year residential permits were up 253.9% and non-residential permits were up 53.8%.
Airport Passenger Traffic
Airport traffic decreased by 1.4% in December compared to the same period in 2009. The decrease in passengers maybe a result of travelers staying closer to home rather then travelling longer distances. A decline into the new year will continue to indicate increased caution on the part of consumers. Year to date numbers are down also down 1.4%.
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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February |
March |
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April |
May |
June |
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July |
August |
September |
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October |
November |
December |
Northern Alberta Major Projects Summary
Summary by Industry Sector
|
Industry |
Value in $ Millions |
Percent of Total |
|
Oil, Gas and Oilsands |
$58,853 |
64.9% |
|
Infrastructure |
$7,091 |
7.8% |
|
Institutional |
$5,153 |
5.7% |
|
Pipelines |
$205 |
0.2% |
|
Tourism/Recreation |
$3,672 |
4.0% |
|
Power |
$4,300 |
4.7% |
|
Manufacturing |
$68 |
0.1% |
|
Commercial/Retail and Residential |
$1,579 |
1.7% |
|
Commercial/Retail |
$1,413 |
1.6% |
|
Residential |
$2,436 |
2.7% |
|
Mining |
$4,592 |
5.1% |
|
Other Industrial |
$99 |
0.1% |
|
Agriculture & Related |
$1,140 |
1.3% |
|
Chemicals & Petrochemicals |
$85 |
0.1% |
|
|
|
|
|
Total |
$90,685 |
100% |
To view .pdf versions of these reports click on the report name.
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.
