Can Alberta employers breathe sigh of relief?

Downturn only temporary ceasefire in war for talent, say industry experts
By Suzy Thompson
|Canadian HR Reporter|Last Updated: 04/20/2009

For nearly a decade Alberta has experienced a serious worker shortage. But the province is not immune to the global economic slowdown. Beginning late last year, Albertans started losing their jobs. Does this mean the province’s infamous labour crunch is over?

As early as 1996, Alberta’s frenetic growth meant many employers simply couldn’t hire enough people to keep up. The shortage peaked in 2007, when the unemployment rate was 3.3 per cent and the provincial government predicted a shortfall of 110,000 workers within 10 years.

But then the United States slid into a recession last spring, eventually dragging down the price of commodities, including oil, and creating a global credit crisis.