Table Of ContentALBERTA ECONOMIC DEVELOPMENT AND TRADE
MONTHLY ECONOMIC REVIEW
AUGUST 1991
PREPARED BY;
ALBERTA ECONOMIC DEVELOPMENT & TRADE
POLICY DEVELOPMENT & COORDINATION BRANCH
SEPTEMBER 18. 1991
(PRODUCED ON ASIST)
CURRENT ECONOMIC INDICATORS
AUGUST 1991
HIGHLIGHTS
Employment/Unemplovnient: The unadjusted unemployment rate in Alberta estimates), the total value of manufacturing shipments increased by
declined from 8.4% in July 1991 to 7.8% in August, the second lowest 3.5% in July 1991 compared to July 1990. Shipments have increased
rate in Canada. The total number of persons employed increased by 1.9% on a year-to-date basis, the highest and only growth posted
1,000 while unemployment declined by 9,000 over the same two month provincial ly.
period. By industry, unemployment rates declined in six of the nine Energy: Natural gas production in Alberta continued to increase in
categories listed in this report including manufacturing, retail May, though at a slower pace than in the previous month. Crude oil
trade, and accommodation, food and beverages. and equivalents production, after posting a 5.8% decline in April,
Housing: Although declining by 7.1% in June 1991 compared to June rebounded to increase by 2.5% in May 1991 over May 1990. Though
1990, some signs of improvement in building permit values were drilling activity remains up 1.2% on a year-to-date basis, July saw
evident; after posting a 20.5% decline in May, for example, permits the number of rigs drilling decline by 19%.
issued in the residential category increased by 2.7% in June. Agriculture: Following a 14.8% decline over the first quarter, farm
Similarly, though urban dwelling starts were down 16.9% in June, two- cash receipts derived from crops increased by 4% in the second.
family and row housing starts both increased. Livestock receipts, however, declined 1.5% and contributed to an
International Travelers: The total number of non-residents entering overall loss of 2.0% in value compared to the same period last year.
Alberta in July 1991 decreased by 8.9% over the same month last year. Exports: The total value of exports increased by 5.3% in May 1991
This despite increasing visitations from Germany, the Netherlands, compared to May 1990 and by 15.5% over the first five months of the
Switzerland and Hong Kong. (Note: U.S. figures exclude same-day year. The latter figure represented the highest rate of growth in
entries. See data table for additional note). Canada.
Domestic Trade: Restaurant, caterers and tavern receipts declined by Bankruptc ies/Incorporat ions: Both business and consumer bankruptcies
8.1% in June 1991 compared to June 1990 and by 4.9% on a year-to-date declined in July 1991 compared to July 1990 by 23.4% and 41.2%,
basis. The total value of retail trade declined by 6.9% and by 5.3% respectively. Incorporations of Alberta firms declined by 11.7% over
over the same periods, respectively. Nonetheless, the 5.3% the same period; non-Alberta incorporations, however, increased by
cumulative decline was not as severe as the 6.9% drop nationally. 15.5%.
Manufacturing: Following a 0.1% decline in June (revised from earlier
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UNEMPLOYMENT RATES, ALBERTA BUILDING PERMITS, ALBERTA
Selected Industries
Unadjusted Rate
FARM CASH RECEIPTS, ALBERTA FARM CASH RECEIPTS, PROVINCES
January to June
January - June
-2%
1991 1990
Total Value Total Value
0%
$2,166.1 Million $2,252.0 Million
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CURRENT ECONOMIC INDICATORS
August 1991
AUlNbeErMtaP LOYMENT (unadjusted) JUN-90 JUL-970. 0 AUG-90 JUN-91 JUL-91 AUG-971. 8
a) Unemployment Rate (total) 5.8 7.1 77..57 Alberta ’s unemployment rate
b) Male Unemployment Rate 6.5 7.8 88..40 7.4 declined in August 1991 compared
c) Female Unemployment Rate 55..78 7.7 6.2 8.9 8.3 to July 1991.
d) Youth Unemployment Rate 728..62 7130..99 7389...626 7141..24 13.9 7131..92
e) Participation Rate 106 74.4 108
77 95 96 117
0 U nemployment (total - O OO’s)
g) Employed (total - ( XX)’s) 1,255 1,263 1,257 1,282 1,278 1,279
AIlNbDerUtSaT RY EMPLOYMENT (unadjusted) JUN-90 JUL-90 AUG-90 JUN-91 JUL-91 AUG-911. 5
a) AGRICULTURE 2.3 1.9 1.5
EUmnpelmopyleody m e(0n(tX) ' sR) ate 1042..42 103.0 102.8 1002..91 108.4 105.9 tUhne e mmpinlionygm e anntd bruastiesn e sisn c rseearsveidc e si n
b) LOGGING & F ORESTRY 25.9 25.0 industries, stayed the same in
Unemployment Rate 2.0 162..75 5.6 4.7 agriculture, and declined in all
C) E MmIpNlIoNyGed (OOO’s) 2.4 53..73 6.9 47..10 o1t9h9e1r ccoatmepgaorreides tloi s Jtuedl y i n1 9 A9u1g. ust
Unemployment Rate 6.3 4.4 72.9 3.4
74.7 725..21 75.3 5.7 72.5 717..66
Employed (OOO’s)
d) MANUFACTURING
10.8
Unemployment Rate 5.6 5.3
Employed (OOO’s) 936..27 99.3 97.7 939..98 93.6 93.0
e) CONSTRUCTION 14.0
11.2 13.3
Unemployment Rate 9.3 15.1
928..01 92.6 95.5
Employed (OOO’s) 92.1 95.6
0 R ETAIL TRADE 91.4
10.2
Unemployment Rate 6.8 8.0 6.9 7.7
g) E BmUpSloIyNeEdS S (O OSOE’sR)V ICES 1627..73 168.3 162.6 1578..47 157.2 154.9
Unemployment Rate 69.5 718..60 736..00 7120..16 738..53 7120..37
Employed (OOO’s) 4.3 2.9
h) HEALTH & S OCIAL SERVICES 3.0
Unemployment Rate
Employed (OOO’s) 105.1 107.9 109.4 1116..62 1105..83 110.6
i) AU nCeCmOpMlOoyDmAeTnItO NR a teF OOD & B EVERAGES 10.0 13.4 7122..55 13.1 145..14
75.0 78.9 15.1
Employed (OOO’s) 85.8 82.4
85.1
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