09 January 2017

Oil downturn slams petro-provinces' jobs #nlpoli

The four provinces heavily dependent on oil and gas resources took a major hit in jobs in 2016, according to seasonally-adjusted figures released on Friday by the Dominion's statistics bureau.

Alberta lost almost 35,000 full-time jobs. Nova Scotia lost more than 13,000 full-time jobs. Saskatchewan dropped 12,400 full-time jobs.  Newfoundland and Labrador lost 6,000 jobs between December 2015 and December 2016.

Growth in part-time employment in the same period offset the losses. Newfoundland and Labrador gained only 300 jobs, leaving it with a net employment loss of 5,700. Nova Scotia added almost 16,000 part-time jobs, though,  giving it a net gain in employment. Saskatchewan added 5,500 so the province ended the year with a net loss and in Alberta,  the economy added more than 16,000 part-time jobs.

None of this is a surprise to anyone who has been paying attention.  The downturn in the global oil industry that hammered Newfoundland and Labrador's government revenue has also been kicking the local labour force. In Newfoundland and Labrador, the government forecast last spring that the economy will shed jobs steadily over the next four years as the megaprojects at Long Harbour, Bull Arm, and Muskrat Falls wind down.  We got a reminder of that in August in some comments by education minister Dale Kirby.

Males fared worse than women in the Newfoundland and Labrador seasonally-adjusted full-time jobs figures.  Male full-time employment fell from 107,400 to 99,900 between December 2015 and December 2016.  By contrast,  1,400 women had full-time jobs in the province in the same period (from 87,400 to 88,800)  Part-time employment among males went from 9,500 to 13,000, while female part-time employment fell (28,600 to 25,400)