While the Saskatchewan side of Lloydminster is showing a decrease in unemployment for a fourth month dating back to April, the Alberta job numbers for July reveal that Lloydminster has seen a 0.8 per cent increase in unemployment.
The change in the Camrose-Drumheller region which includes the Alberta side of Lloydminster follows five months of declining unemployment rates. The rate for July stands at 4.9 per cent up from 4.1 per cent in June.
In the Prince Albert-Northern Saskatchewan region which holds the Saskatchewan side of the Border City, the rate stands at 4.2 per cent for July down from 5.7 per cent in June. That’s a 1.5 per cent drop in unemployment.
Overall, Saskatchewan’s unemployment rate is the second lowest among provinces at 4.0 per cent, a decrease from 7.1 per cent in July 2021 and below the national average of 4.9 per cent (seasonally adjusted).
In Alberta, the unemployment rate dropped to 4.8 per cent, to settle below the national average for the first time since 2015.