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Alberta lost the most jobs in 2015 since 1980s recession: Statistics Canada

ATB Financial is predicting continued job pain for Alberta in the first half of 2016 with unemployment expected to edge up to 7.2 per cent, and the economy to shrink by 0.5 per cent.

CALGARY — Alberta lost more jobs last year compared to any year because the 1982 recession, revised numbers from Statistics Canada show.

The updated figures released Tuesday show the province lost 19,600 jobs in 2015, up from an earlier estimate of 14,600.

That was much higher compared to 17,200 jobs lost within the 2009 downturn and the most since the 1982 recession when Alberta shed 45,000 jobs.

The latest figures are also in stark contrast to 2014, when Alberta added 63,7000 positions, more than half of all jobs made in Canada that year.

Despite the higher quantity of job losses, Statistics Canada left Alberta’s unemployment rate unchanged at seven per cent for 2015.

ATB Financial is predicting continued job pain for Alberta in the first 1 / 2 of 2016 with unemployment expected to edge as much as 7.2 percent, and the economy to shrink by 0.5 per cent.

The Canadian Press

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