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Alberta’s building products sector is on the road to recovery [2017]

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The building products sector was also impacted by Alberta’s 2015 - 2016 recession, although not as severely as most other manufacturing sectors were. The reason for this is that U.S. housing... More ≫

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The building products sector was also impacted by Alberta’s 2015 - 2016 recession, although not as severely as most other manufacturing sectors were. The reason for this is that U.S. housing starts are recovering strongly, which in turn is boosting Alberta exports of lumber and oriented strand board. Building product revenues are bouncing back this year and are expected to continue to grow as strong growth is forecast for U.S. housing starts.

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Alberta’s labour productivity declined in 2016

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The 2015/2016 recession and the Fort Mc Murray forest fires caused Alberta’s labour productivity to decline again in 2016 as companies saw output tumble that year. As a result, the 5-year... More ≫

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The 2015/2016 recession and the Fort Mc Murray forest fires caused Alberta’s labour productivity to decline again in 2016 as companies saw output tumble that year. As a result, the 5-year productivity growth rate fell to an increase of only 0.5% per year between 2011 and 2016.

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The number of job vacancies in Alberta dropped sharply during the current recession

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As employment has fallen and unemployment levels have risen during the current recession the number of job vacancies has fallen sharply in Alberta: they fell 39% between the second quarter of 2015... More ≫

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As employment has fallen and unemployment levels have risen during the current recession the number of job vacancies has fallen sharply in Alberta: they fell 39% between the second quarter of 2015 and the second quarter of 2016.

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Alberta’s labour productivity declined in 2015

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The current recession caused Alberta’s labour productivity to decline sharply in 2015 as companies saw output fall that year while major payroll cuts were often postponed until 2016. As a result,... More ≫

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The current recession caused Alberta’s labour productivity to decline sharply in 2015 as companies saw output fall that year while major payroll cuts were often postponed until 2016. As a result, the 5-year productivity growth rate fell from an average annual increase of 2.3% between 2009 and 2014 to only 0.6% per year between 2010 and 2015.

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How is the current slowdown affecting Alberta’s municipalities?

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The current economic slowdown has resulted in rapidly rising unemployment in Alberta this year. The hardest hit municipalities are those that depend on the oil and gas services sector which has... More ≫

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The current economic slowdown has resulted in rapidly rising unemployment in Alberta this year. The hardest hit municipalities are those that depend on the oil and gas services sector which has seen the largest employment losses this year.

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Alberta’s building products sector is on the road to recovery

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Alberta’s building products sector was hit hard by the global economic recession and especially by the US housing crisis that started prior to that. Revenues in this sector have bounced back since... More ≫

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Alberta’s building products sector was hit hard by the global economic recession and especially by the US housing crisis that started prior to that. Revenues in this sector have bounced back since then and have now surpassed their pre-crisis high.

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