Throughout 2024,CanadaS eyes turned towards Alberta,captivated by the province’s rapid population growth.
job opportunities, affordable housing, and a relatively low cost of living proved irresistible to newcomers, fueling a surge of migration. But as 2025 dawned, experts began to closely examine how these influx of new residents was reshaping Edmonton’s employment landscape.
Edmonton often finds itself in the spotlight, notably concerning its unemployment rate, which for years has trailed behind other Canadian cities. charting the past several years reveals a stark truth: unemployment soared after the pandemic’s blow, leaving Edmonton struggling to rebound. However, amidst the disheartening statistics, glimmers of hope emerged.
“Despite the headlines, the news isn’t all negative,” states a report, highlighting consecutive months of declines. Since September,Edmonton saw a 1.6% decrease in unemployment,offering a promising snapshot of recovery.
Focusing solely on unemployment, however, paints an incomplete picture. While population growth frequently correlates with unemployment, Edmonton stands as a testament to this phenomenon. Rapid influx of residents, naturally, pushes the labor market to adapt.
“Sometimes,the labor market needs time to adjust to the increase in population.”
A closer look reveals a more balanced outlook. The Edmonton region actually witnessed significant positive employment growth (Figure 2).
A closer analysis reveals a completely different story – one of optimism and resilience.
While challenges certainly exist, the Edmonton region, fueled by aspiring growth, emerges as a vital player in the Canadian economic narrative.
edmonton: A Job Growth Powerhouse
Table of Contents
- 1. edmonton: A Job Growth Powerhouse
- 2. Edmonton’s Economic Engines: A Deep Dive into Job Growth
- 3. Edmonton Poised for Continued Growth in 2025
- 4. Edmonton’s Economic Landscape: $ Growth and Shifting Industries
- 5. Edmonton’s Thriving Economy: A Hub of Prospect
- 6. how will the growth in Edmonton’s technology, healthcare, and buisness services sectors impact job creation and overall economic diversification?
- 7. Edmonton’s Economic Boom: A Conversation with Felicia Mutheardy
Edmonton’s job market is booming, outpacing not only Calgary and Ottawa but setting a strong pace within Canada. since December 2020, the city has witnessed remarkable growth, solidifying its position as a hub for employment opportunities.
When comparing employment gains, Edmonton’s story is clear: “In absolute terms, as December 2020, Edmonton has seen greater job growth than both Calgary and Ottawa,” highlighting the city’s resilience and appeal to businesses.
The expansion doesn’t stop at jobs. Edmonton’s labour force growth is equally extraordinary, rivaling that of the country’s three largest metropolitan areas.
This significant increase signifies a thriving economy and a city attracting skilled workers and fostering a dynamic workforce.
Edmonton’s Economic Engines: A Deep Dive into Job Growth
The Edmonton Region’s economic health is driven by a powerful force: a robust and growing job market. This region stands out, surpassing even larger Canadian cities in terms of employment growth.
When comparing the Edmonton Region to other metropolitan areas, a engaging pattern emerges. While other regions boast considerably larger populations of working-age individuals, Edmonton’s employment growth trajectory outpaces the pack.
the numbers tell a compelling story. Over the past several years, the Edmonton Region has exhibited the highest average annual employment growth rate among all Canadian cities with populations exceeding one million.
“Alberta will trail only Prince Edward Island in employment growth this year,”
states a recent projection by the national Bank of Canada.
This forecast underscores the Edmonton Region’s continued economic strength and its position as a prime destination for job seekers and businesses alike.
Edmonton Poised for Continued Growth in 2025
Edmonton is showing strong signs of continued population and employment growth in 2025.Felicia Mutheardy, chief corporate economist at the City of Edmonton, shared her insights with members of NAIOP, Edmonton’s Commercial Real Estate Development association, outlining the factors driving this economic prosperity.
According to the Conference Board of Canada,Edmonton is predicted to lead Western canada in job creation for both 2025 and 2026. Mutheardy emphasized the vital role of key sectors in this projected growth, highlighting wholesale and retail trade, healthcare, construction, and professional, scientific, and technical services as particularly promising areas.
This robust economic outlook positions Edmonton as a city on the move, attracting new residents and fostering a thriving business environment.
Edmonton’s Economic Landscape: $ Growth and Shifting Industries
Edmonton’s economy is poised for significant growth, with projections showing job gains across diverse sectors by 2028. While the manufacturing sector is anticipated to experience a slight decline of 1,500 jobs, this loss will be more than offset by robust expansion in other key areas.
“while the manufacturing sector is projected to lose 1,500 jobs by 2028, these losses will be offset by gains across almost every other sector,” highlighting the diversifying nature of Edmonton’s economy.
This conversion is evident in the fastest-growing sectors, which include:
Information and cultural industries: Driven by technological advancements and the rise of digital content creation, this sector is attracting significant investment and talent.
Other services: This broad category encompasses a wide range of industries, from healthcare and business services to personal care and hospitality.
Educational services: Edmonton’s commitment to education and its growing population of students fuels the expansion of schools, universities, and training institutions.
Arts, entertainment, and recreation: Edmonton is known for its vibrant cultural scene, attracting tourists and residents alike with its theaters, museums, festivals, and recreational facilities.
These evolving trends indicate a promising future for Edmonton’s economy, with opportunities for both individuals and businesses to thrive in a dynamic and innovative environment.
Edmonton’s Thriving Economy: A Hub of Prospect
Edmonton is experiencing a surge in growth, with the region’s economy attracting both residents and businesses.This upward trajectory is reflected in the city’s robust job market, which is keeping pace with its expanding population.
As the city continues to evolve, it’s drawing attention for its diverse and expanding job sectors. Analysts predict this trend will continue, painting a radiant picture forEdmonton’s economic future. Data shows a promising outlook, indicating job growth exceeding population growth.
“The biggest takeaway I want to leave with my readers is that employment opportunities in the Edmonton Region remain strong,” says a prominent local expert. “When we look at the data, it’s clear that job growth is keeping pace with the region’s rapid population increase.analysts continue to forecast continued job growth across diverse sectors. Indeed, it’s an exciting time for the Edmonton Region – we’re growing quickly and continue to be a thriving hub of economic opportunity.”
how will the growth in Edmonton’s technology, healthcare, and buisness services sectors impact job creation and overall economic diversification?
Edmonton’s Economic Boom: A Conversation with Felicia Mutheardy
Edmonton’s economy is humming, with projected growth topping charts and diverse sectors flourishing. We sat down with Felicia Mutheardy, Chief Corporate Economist at the City of Edmonton, to delve into the factors behind this economic momentum and what it means for the future.
Archyde: Felicia,Edmonton is projected to lead Western Canada in job creation. What sectors are driving this growth?
Felicia Mutheardy: There’s a lot of excitement around several key sectors. Wholesale and retail trade continue to be strong, fueled by a growing population and consumer demand. Healthcare is another area of expansion, driven by an aging demographic and increased healthcare needs.We’re also seeing robust growth in construction, with ongoing infrastructure projects and a booming housing market.
The professional, scientific, and technical services sector is also booming. Companies are increasingly seeking specialized expertise in fields like technology, engineering, and data analysis.
Archyde: With manufacturing projected to experience a slight decline, how will Edmonton’s economy diversify to mitigate this shift?
Felicia Mutheardy: that’s a great question, and it highlights the dynamic nature of Edmonton’s economy. While manufacturing will see a slight decrease, this is being more than offset by gains in several other sectors. We’re seeing a steady shift towards a more diversified economy, which is ultimately a positive trend. The strengths in other sectors will help to create a more resilient and lasting economic footing
Archyde: What advice would you give to individuals looking to capitalize on the current economic opportunities in Edmonton?
Felicia Mutheardy: ** Edmonton is a city full of possibilities. My advice? Be adaptable and open to exploring new opportunities. Develop in-demand skills,particularly in technology,healthcare,and business services. Network, connect with others in your field, and stay informed about the latest industry trends.
edmonton is on an upward trajectory, offering exciting prospects for those willing to embrace its growth and dynamism. What do you think are some of the most promising opportunities on the horizon for Edmonton’s economy?
