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ALBERTA ECONOMIC DEVELOPMENT AND TRADE MONTHLY ECONOMIC REVIEW AUGUST 1991 PREPARED BY; ALBERTA ECONOMIC DEVELOPMENT & TRADE POLICY DEVELOPMENT & COORDINATION BRANCH SEPTEMBER 18. 1991 (PRODUCED ON ASIST) CURRENT ECONOMIC INDICATORS AUGUST 1991 HIGHLIGHTS Employment/Unemplovnient: The unadjusted unemployment rate in Alberta estimates), the total value of manufacturing shipments increased by declined from 8.4% in July 1991 to 7.8% in August, the second lowest 3.5% in July 1991 compared to July 1990. Shipments have increased rate in Canada. The total number of persons employed increased by 1.9% on a year-to-date basis, the highest and only growth posted 1,000 while unemployment declined by 9,000 over the same two month provincial ly. period. By industry, unemployment rates declined in six of the nine Energy: Natural gas production in Alberta continued to increase in categories listed in this report including manufacturing, retail May, though at a slower pace than in the previous month. Crude oil trade, and accommodation, food and beverages. and equivalents production, after posting a 5.8% decline in April, Housing: Although declining by 7.1% in June 1991 compared to June rebounded to increase by 2.5% in May 1991 over May 1990. Though 1990, some signs of improvement in building permit values were drilling activity remains up 1.2% on a year-to-date basis, July saw evident; after posting a 20.5% decline in May, for example, permits the number of rigs drilling decline by 19%. issued in the residential category increased by 2.7% in June. Agriculture: Following a 14.8% decline over the first quarter, farm Similarly, though urban dwelling starts were down 16.9% in June, two- cash receipts derived from crops increased by 4% in the second. family and row housing starts both increased. Livestock receipts, however, declined 1.5% and contributed to an International Travelers: The total number of non-residents entering overall loss of 2.0% in value compared to the same period last year. Alberta in July 1991 decreased by 8.9% over the same month last year. Exports: The total value of exports increased by 5.3% in May 1991 This despite increasing visitations from Germany, the Netherlands, compared to May 1990 and by 15.5% over the first five months of the Switzerland and Hong Kong. (Note: U.S. figures exclude same-day year. The latter figure represented the highest rate of growth in entries. See data table for additional note). Canada. Domestic Trade: Restaurant, caterers and tavern receipts declined by Bankruptc ies/Incorporat ions: Both business and consumer bankruptcies 8.1% in June 1991 compared to June 1990 and by 4.9% on a year-to-date declined in July 1991 compared to July 1990 by 23.4% and 41.2%, basis. The total value of retail trade declined by 6.9% and by 5.3% respectively. Incorporations of Alberta firms declined by 11.7% over over the same periods, respectively. Nonetheless, the 5.3% the same period; non-Alberta incorporations, however, increased by cumulative decline was not as severe as the 6.9% drop nationally. 15.5%. Manufacturing: Following a 0.1% decline in June (revised from earlier >-,cir4 iosWictrfq^HHi Upj««tb«<w ^.f '■■"/ ■' ■ 'C' ^'.laB .. --i^-' bsee^j. ♦Kspt^w^jifi*: r - '®!^' ^ I nmf nf X8.f <»# ^i^l ^:>^'.<«ik' " : ^ •'■■sr^ . ^ :’r. ' i eimj . u^ ^ iPvm<fi4iimMif*ifi'm tsi -^maal ©J iwflSJStsoa MiiSi#)^ 'atoti-.f-j mrf; asm lo Ki-a of ®S ' _ mfUifant' Pmqrt ,tl^»ti^. %>& . .ybef-nten'a |f*o Sbna- . rt^opR rMiVd^. i*;afc » .«r^' * S '■ ^.. «W»’Jiw«d tfoA f»e^. jth» « *^ihx jeT^ ,#*t’ ■ » iiM; ■j^jit| *'*' ^'.j grtt**^ /e^' x-^rm^ gf” ■ '" . iif ' ' “' ' , . ■ ' .- 1 ■Ifefi.- ^v yfaf.— *'2D''fi3 W,!^^%^-.*v s^^^■^l^^->«rt i;js^f3w s^4g?*^, ©C'-Ww lisnoc «rrf^f«4^"of ^ e««^/3 «Ott .S«£ •*IW)^^,«ro<n»3C» la* ,yA»J Tjf owff :««» jea.as «r p<f' Kaq i#:>«sttte W,S vd b«iTKsnf 'C'weslw iJgfcff'Oisf©©?-. 345 Of 'l««sf ^S »# 4t* ■ ^ ^-Q<«a9ft(r\(^5S65 4->»<^L_^;,.5{£.»i mwjti, f K ^ ^offiosib a w^fC^'.irf ewxM a-b B 'i’te ' ., ■"4” rw,-. ■’ ,, _ ^ .feO«60^?4r4^-on#|» e^siM4 ,ba* % f WV ^s3>? .^ 3i.,., .:. ' , ' •4“ '^■^jji>'' ..•?«e>£-.t?»fi4i^f«m3iwiS|,^^^^ nova m:f-W-J»*iMfti*''XtCf '/ ,tj|f'»>«.Wi © --41i Ar ««•f■'•' ? ■: ^ . fl*' ■- i*,.i siifr' n,*:. B .-Sf,. 'f ■- J 5i.... ' ^ ' ' '•; ' -«• ■> .*«5W» ojlfcaf m ^ ■■■tel., kl « tM, on : = ,.- ,,; ■ "■■ *>4# .•«^» 't9f>» I*.€S td «ll}C.'J&5 08vfW| Vi^mi ,4I«4 a» U*7»qito> iWI *^f. ^B©o 81,1? t > AtrtMiS© ?3?Ou7'*. :ji*»J%*T .ef«^,'^- ^ kH \ J ^ ^ ^ ■■ ■ »«a ? ,' '|# p■ r. .A«0 | ) ©:i4 f i. ^ .f^5 i^u ip w"^r t . ,i^ei »>i*iM|:^ eaua " f Wto <■«©# JtSi.i,' >14 ♦•.soov©* 33 Jtfl e • aof'l'Ui^ #fi)f<it wisji, ''i' 4^ 4 M« NrT»«fc Jti;,«5 ♦ ■ ^ SaU4tRtl^iU^til ' " S»1 L,. : ■.ti'' UNEMPLOYMENT RATES, ALBERTA BUILDING PERMITS, ALBERTA Selected Industries Unadjusted Rate FARM CASH RECEIPTS, ALBERTA FARM CASH RECEIPTS, PROVINCES January to June January - June -2% 1991 1990 Total Value Total Value 0% $2,166.1 Million $2,252.0 Million T!i3f,'Y0jqM3;,iy .--utif;: baJO'i’;!.'! ■_ - — ^'r -H f—c M—Oi iU -'MiU ’ -rtut '■ .1,;:" r /; ■ ■■ ! r r T- ■••.Lf r.:.;4V i»Wr 4A& ‘m.M •' » •.V- CURRENT ECONOMIC INDICATORS August 1991 AUlNbeErMtaP LOYMENT (unadjusted) JUN-90 JUL-970. 0 AUG-90 JUN-91 JUL-91 AUG-971. 8 a) Unemployment Rate (total) 5.8 7.1 77..57 Alberta ’s unemployment rate b) Male Unemployment Rate 6.5 7.8 88..40 7.4 declined in August 1991 compared c) Female Unemployment Rate 55..78 7.7 6.2 8.9 8.3 to July 1991. d) Youth Unemployment Rate 728..62 7130..99 7389...626 7141..24 13.9 7131..92 e) Participation Rate 106 74.4 108 77 95 96 117 0 U nemployment (total - O OO’s) g) Employed (total - ( XX)’s) 1,255 1,263 1,257 1,282 1,278 1,279 AIlNbDerUtSaT RY EMPLOYMENT (unadjusted) JUN-90 JUL-90 AUG-90 JUN-91 JUL-91 AUG-911. 5 a) AGRICULTURE 2.3 1.9 1.5 EUmnpelmopyleody m e(0n(tX) ' sR) ate 1042..42 103.0 102.8 1002..91 108.4 105.9 tUhne e mmpinlionygm e anntd bruastiesn e sisn c rseearsveidc e si n b) LOGGING & F ORESTRY 25.9 25.0 industries, stayed the same in Unemployment Rate 2.0 162..75 5.6 4.7 agriculture, and declined in all C) E MmIpNlIoNyGed (OOO’s) 2.4 53..73 6.9 47..10 o1t9h9e1r ccoatmepgaorreides tloi s Jtuedl y i n1 9 A9u1g. ust Unemployment Rate 6.3 4.4 72.9 3.4 74.7 725..21 75.3 5.7 72.5 717..66 Employed (OOO’s) d) MANUFACTURING 10.8 Unemployment Rate 5.6 5.3 Employed (OOO’s) 936..27 99.3 97.7 939..98 93.6 93.0 e) CONSTRUCTION 14.0 11.2 13.3 Unemployment Rate 9.3 15.1 928..01 92.6 95.5 Employed (OOO’s) 92.1 95.6 0 R ETAIL TRADE 91.4 10.2 Unemployment Rate 6.8 8.0 6.9 7.7 g) E BmUpSloIyNeEdS S (O OSOE’sR)V ICES 1627..73 168.3 162.6 1578..47 157.2 154.9 Unemployment Rate 69.5 718..60 736..00 7120..16 738..53 7120..37 Employed (OOO’s) 4.3 2.9 h) HEALTH & S OCIAL SERVICES 3.0 Unemployment Rate Employed (OOO’s) 105.1 107.9 109.4 1116..62 1105..83 110.6 i) AU nCeCmOpMlOoyDmAeTnItO NR a teF OOD & B EVERAGES 10.0 13.4 7122..55 13.1 145..14 75.0 78.9 15.1 Employed (OOO’s) 85.8 82.4 85.1 Digitized by the Internet Archive in 2017 with funding from University of Alberta Libraries https://archive.org/details/monthlyeconomic1991albe_3

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Monthly Economic Review : Alberta Economic Development and Trade PDF

26 Pages·1991·1.8 MB·English
by  Alberta. Alberta Economic Development and Trade. Strategic Planning Division
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ALBERTA ECONOMIC DEVELOPMENT AND TRADE MONTHLY ECONOMIC REVIEW AUGUST 1991 PREPARED BY; ALBERTA ECONOMIC DEVELOPMENT & TRADE POLICY DEVELOPMENT & COORDINATION BRANCH SEPTEMBER 18. 1991 (PRODUCED ON ASIST) CURRENT ECONOMIC INDICATORS AUGUST 1991 HIGHLIGHTS Employment/Unemplovnient: The unadjusted unemployment rate in Alberta estimates), the total value of manufacturing shipments increased by declined from 8.4% in July 1991 to 7.8% in August, the second lowest 3.5% in July 1991 compared to July 1990. Shipments have increased rate in Canada. The total number of persons employed increased by 1.9% on a year-to-date basis, the highest and only growth posted 1,000 while unemployment declined by 9,000 over the same two month provincial ly. period. By industry, unemployment rates declined in six of the nine Energy: Natural gas production in Alberta continued to increase in categories listed in this report including manufacturing, retail May, though at a slower pace than in the previous month. Crude oil trade, and accommodation, food and beverages. and equivalents production, after posting a 5.8% decline in April, Housing: Although declining by 7.1% in June 1991 compared to June rebounded to increase by 2.5% in May 1991 over May 1990. Though 1990, some signs of improvement in building permit values were drilling activity remains up 1.2% on a year-to-date basis, July saw evident; after posting a 20.5% decline in May, for example, permits the number of rigs drilling decline by 19%. issued in the residential category increased by 2.7% in June. Agriculture: Following a 14.8% decline over the first quarter, farm Similarly, though urban dwelling starts were down 16.9% in June, two- cash receipts derived from crops increased by 4% in the second. family and row housing starts both increased. Livestock receipts, however, declined 1.5% and contributed to an International Travelers: The total number of non-residents entering overall loss of 2.0% in value compared to the same period last year. Alberta in July 1991 decreased by 8.9% over the same month last year. Exports: The total value of exports increased by 5.3% in May 1991 This despite increasing visitations from Germany, the Netherlands, compared to May 1990 and by 15.5% over the first five months of the Switzerland and Hong Kong. (Note: U.S. figures exclude same-day year. The latter figure represented the highest rate of growth in entries. See data table for additional note). Canada. Domestic Trade: Restaurant, caterers and tavern receipts declined by Bankruptc ies/Incorporat ions: Both business and consumer bankruptcies 8.1% in June 1991 compared to June 1990 and by 4.9% on a year-to-date declined in July 1991 compared to July 1990 by 23.4% and 41.2%, basis. The total value of retail trade declined by 6.9% and by 5.3% respectively. Incorporations of Alberta firms declined by 11.7% over over the same periods, respectively. Nonetheless, the 5.3% the same period; non-Alberta incorporations, however, increased by cumulative decline was not as severe as the 6.9% drop nationally. 15.5%. Manufacturing: Following a 0.1% decline in June (revised from earlier >-,cir4 iosWictrfq^HHi Upj««tb«<w ^.f '■■"/ ■' ■ 'C' ^'.laB .. --i^-' bsee^j. ♦Kspt^w^jifi*: r - '®!^' ^ I nmf nf X8.f <»# ^i^l ^:>^'.<«ik' " : ^ •'■■sr^ . ^ :’r. ' i eimj . u^ ^ iPvm<fi4iimMif*ifi'm tsi -^maal ©J iwflSJStsoa MiiSi#)^ 'atoti-.f-j mrf; asm lo Ki-a of ®S ' _ mfUifant' Pmqrt ,tl^»ti^. %>& . .ybef-nten'a |f*o Sbna- . rt^opR rMiVd^. i*;afc » .«r^' * S '■ ^.. «W»’Jiw«d tfoA f»e^. jth» « *^ihx jeT^ ,#*t’ ■ » iiM; ■j^jit| *'*' ^'.j grtt**^ /e^' x-^rm^ gf” ■ '" . iif ' ' “' ' , . ■ ' .- 1 ■Ifefi.- ^v yfaf.— *'2D''fi3 W,!^^%^-.*v s^^^■^l^^->«rt i;js^f3w s^4g?*^, ©C'-Ww lisnoc «rrf^f«4^"of ^ e««^/3 «Ott .S«£ •*IW)^^,«ro<n»3C» la* ,yA»J Tjf owff :««» jea.as «r p<f' Kaq i#:>«sttte W,S vd b«iTKsnf 'C'weslw iJgfcff'Oisf©©?-. 345 Of 'l««sf ^S »# 4t* ■ ^ ^-Q<«a9ft(r\(^5S65 4->»<^L_^;,.5{£.»i mwjti, f K ^ ^offiosib a w^fC^'.irf ewxM a-b B 'i’te ' ., ■"4” rw,-. ■’ ,, _ ^ .feO«60^?4r4^-on#|» e^siM4 ,ba* % f WV ^s3>? .^ 3i.,., .:. ' , ' •4“ '^■^jji>'' ..•?«e>£-.t?»fi4i^f«m3iwiS|,^^^^ nova m:f-W-J»*iMfti*''XtCf '/ ,tj|f'»>«.Wi © --41i Ar ««•f■'•' ? ■: ^ . fl*' ■- i*,.i siifr' n,*:. B .-Sf,. 'f ■- J 5i.... ' ^ ' ' '•; ' -«• ■> .*«5W» ojlfcaf m ^ ■■■tel., kl « tM, on : = ,.- ,,; ■ "■■ *>4# .•«^» 't9f>» I*.€S td «ll}C.'J&5 08vfW| Vi^mi ,4I«4 a» U*7»qito> iWI *^f. ^B©o 81,1? t > AtrtMiS© ?3?Ou7'*. :ji*»J%*T .ef«^,'^- ^ kH \ J ^ ^ ^ ■■ ■ »«a ? ,' '|# p■ r. .A«0 | ) ©:i4 f i. ^ .f^5 i^u ip w"^r t . ,i^ei »>i*iM|:^ eaua " f Wto <■«©# JtSi.i,' >14 ♦•.soov©* 33 Jtfl e • aof'l'Ui^ #fi)f<it wisji, ''i' 4^ 4 M« NrT»«fc Jti;,«5 ♦ ■ ^ SaU4tRtl^iU^til ' " S»1 L,. : ■.ti'' UNEMPLOYMENT RATES, ALBERTA BUILDING PERMITS, ALBERTA Selected Industries Unadjusted Rate FARM CASH RECEIPTS, ALBERTA FARM CASH RECEIPTS, PROVINCES January to June January - June -2% 1991 1990 Total Value Total Value 0% $2,166.1 Million $2,252.0 Million T!i3f,'Y0jqM3;,iy .--utif;: baJO'i’;!.'! ■_ - — ^'r -H f—c M—Oi iU -'MiU ’ -rtut '■ .1,;:" r /; ■ ■■ ! r r T- ■••.Lf r.:.;4V i»Wr 4A& ‘m.M •' » •.V- CURRENT ECONOMIC INDICATORS August 1991 AUlNbeErMtaP LOYMENT (unadjusted) JUN-90 JUL-970. 0 AUG-90 JUN-91 JUL-91 AUG-971. 8 a) Unemployment Rate (total) 5.8 7.1 77..57 Alberta ’s unemployment rate b) Male Unemployment Rate 6.5 7.8 88..40 7.4 declined in August 1991 compared c) Female Unemployment Rate 55..78 7.7 6.2 8.9 8.3 to July 1991. d) Youth Unemployment Rate 728..62 7130..99 7389...626 7141..24 13.9 7131..92 e) Participation Rate 106 74.4 108 77 95 96 117 0 U nemployment (total - O OO’s) g) Employed (total - ( XX)’s) 1,255 1,263 1,257 1,282 1,278 1,279 AIlNbDerUtSaT RY EMPLOYMENT (unadjusted) JUN-90 JUL-90 AUG-90 JUN-91 JUL-91 AUG-911. 5 a) AGRICULTURE 2.3 1.9 1.5 EUmnpelmopyleody m e(0n(tX) ' sR) ate 1042..42 103.0 102.8 1002..91 108.4 105.9 tUhne e mmpinlionygm e anntd bruastiesn e sisn c rseearsveidc e si n b) LOGGING & F ORESTRY 25.9 25.0 industries, stayed the same in Unemployment Rate 2.0 162..75 5.6 4.7 agriculture, and declined in all C) E MmIpNlIoNyGed (OOO’s) 2.4 53..73 6.9 47..10 o1t9h9e1r ccoatmepgaorreides tloi s Jtuedl y i n1 9 A9u1g. ust Unemployment Rate 6.3 4.4 72.9 3.4 74.7 725..21 75.3 5.7 72.5 717..66 Employed (OOO’s) d) MANUFACTURING 10.8 Unemployment Rate 5.6 5.3 Employed (OOO’s) 936..27 99.3 97.7 939..98 93.6 93.0 e) CONSTRUCTION 14.0 11.2 13.3 Unemployment Rate 9.3 15.1 928..01 92.6 95.5 Employed (OOO’s) 92.1 95.6 0 R ETAIL TRADE 91.4 10.2 Unemployment Rate 6.8 8.0 6.9 7.7 g) E BmUpSloIyNeEdS S (O OSOE’sR)V ICES 1627..73 168.3 162.6 1578..47 157.2 154.9 Unemployment Rate 69.5 718..60 736..00 7120..16 738..53 7120..37 Employed (OOO’s) 4.3 2.9 h) HEALTH & S OCIAL SERVICES 3.0 Unemployment Rate Employed (OOO’s) 105.1 107.9 109.4 1116..62 1105..83 110.6 i) AU nCeCmOpMlOoyDmAeTnItO NR a teF OOD & B EVERAGES 10.0 13.4 7122..55 13.1 145..14 75.0 78.9 15.1 Employed (OOO’s) 85.8 82.4 85.1 Digitized by the Internet Archive in 2017 with funding from University of Alberta Libraries https://archive.org/details/monthlyeconomic1991albe_3

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