Economic Diversity in the Peace Country has helped get people back to work: Schweitzer
The Minister of Jobs, Economy and Innovation says, while Alberta is still slowly recovering from the economic downturn of the COVID-19 pandemic, coupled with the crash in the price of oil, the economic region that includes Grande Prairie and the Peace Country is doing well.
Labour Force figures released by Statistics Canada on Friday shows the economic region that has seen the most growth recently, is the Banff – Jasper – Rocky Mountain House and Athabasca – Grande Prairie – Peace River region, where the unemployment rate dropped from 14.4 per cent in July, 2020, to 12.1 per cent in August. Minister Doug Schweitzer attributes that change to the diversity of the local economy.
“You’ve got the forestry industry, you’ve got agriculture, you’ve got natural resources as well that give that hedge. And we’ve seen too, through this pandemic, there’s still that global demand for food, there’s also an increased demand for forest products and the fibre that comes from forest products. So we do have some strengths here in Alberta, and it’s about building on that foundation.”
He adds that young Albertans, between the ages of 15 and 24, have an unemployment rate of 27 per cent, and the province needs to put plans in place to make sure they can get work, and stay in Alberta.