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Alberta unemployment rate highest since 1994

Staff Writer |
The unemployment rate in Alberta is now 8.6 percent, the highest rate since September 1994, according to Statistics Canada.

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The numbers released on Friday reflect the job situation at the end of July. Over the past year, 104,000 full-time jobs were lost in Alberta. Factoring in full- and part-time job losses, the figure shrinks to 49,000.

The 0.7 percent uptick in unemployment from June to July reflects that more Albertans are looking for work, the federal agency said.

Since July 2015, Alberta's unemployment rate has risen 2.4 percentage points.

Nationally, Canada's economy lost about 31,000 jobs in July. Full-time employment fell by 71,000, offset by a gain of 40,000 part-time jobs.

That was the biggest one-month drop in five years, putting the national unemployment rate at 6.9 percent.

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