labour market 59
Workforce Attraction Ranking of 150 global cities Calgary ranked in the global Top 10 Most Attractive Cities for Workers Financial (salary levels, living costs, taxes) + Lifestyle (quality of living, social benefits) AIRINC, Global 150 Scorecard, March 2017 60
Key Stats Of 8 peer cities assessed, Calgary has the highest level of educational attainment. - Deloitte, Benchmarking Calgary s Competitiveness, 2015 Calgary has the highest labour force productivity and labour force participation of major Canadian cities. - The Conference Board of Canada and Statistics Canada, 2016/2017 Calgary has the highest proportion of STEM graduates of major Canadian cities. - Census 2016, Statistics Canada Calgary has the highest millionaires per capita of major Canadian cities. - Statistics Canada, 2015 Calgary has the highest number of engineers and geoscientists per capita of major Canadian cities. - Statistics Canada, 2016 Calgary is ranked as a top tech talent market in Canada. - Scoring Canadian Tech Talent, CBRE, 2017 61
Labour Demand ICT is outpacing all job growth by 4:1. Canada will need to fill 182,000 ICT professional positions by 2019 (17,300 for Alberta). - ICTC, Labour Market Outlook, 2015-2019 Finance, Insurance, Real Estate and Leasing will grow by 1.6% annually, reaching 4.8% of total employment in 2019 and gain 68,100 jobs by 2024. - Government of Alberta, 2016; Statistics Canada, 2016 Manufacturing accounts for 6.1% of total employment in Alberta, employment will grow by 1.1% annually and account for 6.5% of total employment by 2019. - Government of Alberta, 2016 The Logistics sector in Alberta will grow by about 7,470 workers from 2016 to 2025. - APGC, 2016 Oil and Gas will have 28,025 to 36,240 net hiring requirements in Canada from 2017 to 2020. - PETROLMI/ENFORM, 2016 Clean Tech (including Renewables) will employ anywhere from 76,000 to 100,000 Canadians directly by 2022, up from 55,600 jobs in 2014. - Analytica Advisors, 2016 Agriculture will need to fill 23,300 potential jobs in Alberta by 2025. - AgriLMI CAHRC, 2016 62
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Calgary CMA Historical Unemployment Rate 12% Cycle highs and lows 10.2% 10% 8.9% 7.5% 8% 7.8% 6% 4.6% 4.5% 4% 3.1% 2% Source: Statistics Canada 0% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 63
Unemployment Rate Across Canada 12% 10.2% 10% 8% 7.8% 7.8% 7.6% 7.6% 6% 6.9% 6.9% 6.2% 5.9% 5.8% 6.8% 6.6% 6.8% 5.9% 5.1% 4% 4.2% 2% 0% Vancouver Edmonton Calgary Toronto Ottawa Montreal Saskatoon Canada November 2016 November 2017 Source: Statistics Canada 64
Youth Unemployment Rate Across Canada (Ages: 15 to 24 Years) 25% 20% 19.1% 15% 10% 10.7% 13.4% 16.3% 14.5% 14.8% 13.9% 13.8% 12.9% 12.9% 11.8% 11.6% 11.5% 11.6% 11.6% 11.5% 11.2% 11.5% 8.0% 7.4% 5% 0% Vancouver Edmonton Calgary Regina SBskatoon Winnipeg Toronto Ottawa Montreal Canada November 2016 November 2017 Source: Statistics Canada 65
76% 74% Labour Force Participation Rate Across Canada 74.6% 73.2% 73.0% One of the highest labour force participation rates in Canada 72% 71.5% 71.2% 70% 70.0% 69.0% 68% 66% 65.9% 66.9% 66.4% 66.0% 67.6% 66.5% 67.3% 65.7% 65.7% 64% 62% 60% Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada November 2016 November 2017 Source: Statistics Canada 66
Growth Rate Labour Force Growth Across Canada 30% 25% 20% 19.2% 28.4% 25.7% 24.9% 16.5% The employed are persons having a job or business, whereas the unemployed are without work, are available for work, and are actively seeking work. Together the unemployed and the employed constitute the labour force. Persons not in the labour force are those who, during the reference period, were unwilling or unable to offer or supply labour services under conditions existing in their labour markets (this includes persons who were full-time students currently attending school). 15% 13.4% 11.4% 11.4% 11.5% 10% 9.8% 9.2% 9.3% 7.3% 6.5% 5% 0% 4.0% 3.9% 2.8% 2.2% 0.5% 2.7% 0.9% 0.8% Vancouver Edmonton -0.7% Calgary SBskatoon Toronto Ottawa Montreal Canada -0.5% -5% 12-Month Labour Force Growth 5-Year Labour Force Growth 10-Year Labour Force Growth Source: Statistics Canada, November 2017 67
Growth Rate Employment Growth Across Canada 25% 23.5% 20% 19.4% 20.0% 19.8% 17.4% 15% 13.1% 10% 7.0% 8.2% 10.8% 10.3% 8.2% 8.1% 11.8% 9.0% 5% 3.8% 2.9% 2.0% 0.6% 3.8% 1.8% 2.4% 1.5% 5.1% 0% -0.1% -5% Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada 12-Month Employment Growth 5-Year Employment Growth 10-Year Employment Growth Source: Statistics Canada, November 2017 68
Annual Employment Growth 6.0% 4.0% 2.0% 4.4% 3.8% 3.7% 2.9% 4.0% 3.4% 2.0% 0.6% 2.6% 3.8% 4.1% 2.8% 3.3% 3.0% 3.2% 2.4% 2.1% 2.1% 0.0% -0.1% -2.0% -1.9% -1.4% -4.0% -6.0% -4.3% -8.0% -7.2% -10.0% -12.0% -14.0% -13.3% -16.0% Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada Total Employment Growth Rate Full-Time Employment Growth Rate Part-Time Employment Growth Rate Source: Statistics Canada, November 2016 - November 2017 69
Calgary CMA Employment by Industry Accommodation and Food Services 64,400 7.8% Information, Culture and Recreation 34,100 4.1% Other Services 32,900 4.0% Public Administration 30,600 3.7% Agriculture 4,000 0.5% Forestry, Fishing, Mining, Quarrying, Oil and Gas 47,600 5.8% Utilities 8,100 1.0% Construction 80,900 9.8% Manufacturing 36,600 4.4% Diverse employment Health Care and Social Assistance 84,600 10.2% Educational Services 54,400 6.6% Wholesale & Retail Trade 125,400 15.2% Business, Building and Other Support Services 35,000 4.2% Professional, Scientific Finance, Insurance, Real and Technical Services Estate and Leasing 90,800 40,800 11.0% 4.9% Transportation and Warehousing 55,200 6.7% Source: Statistics Canada, November 2017 70
Calgary Historical Employment by Industry Non-Commercial Services (14.9%) Non-Commercial Services (17.4%) Total Employment: 368,493 Business Services (10.2%) Personal Services (12.0%) Construction (5.6%) Business Services (14.4%) Wholesale and Retail Trade (17.3%) Wholesale and Retail Trade (14.1%) Personal Services (14.0%) Total Employment: 803,625 Primary and Utilities (11.3%) Construction (9.4%) Information and Cultural Industries (2.8%) Transportation and Warehousing (5.6%) Manufacturing (8.0%) Finance, Insurance and Real Estate (6.7%) Public Administration and Defence (5.4%) Primary and Utilities (8.2%) Transportation and Warehousing (6.9%) Manufacturing (5.7%) Finance, Insurance and Real Estate (5.5%) 1987 2016 Public Administration and Defence (2.9%) Information and Cultural Industries (1.7%) Source: Conference Board of Canada, 2017 71
GDP per Employee $160,000 $140,000 Labour Force Productivity $140,800 Most productive workforce in Canada $120,000 $110,771 $100,000 $95,024 $102,064 $102,510 $92,499 $94,395 $80,000 $81,983 $60,000 $40,000 $20,000 $0 Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada Source: Conference Board of Canada, 2017 72
Calgary CMA Average Overall Hourly Wages by Industry All Industries Agriculture, forestry, fishing and hunting Mining, quarrying, and oil and gas extraction Utilities Construction Manufacturing Wholesale trade Retail trade Transportation and warehousing Information and cultural industries Finance, insurance, real estate and leasing Professional, scientific and technical services Management of companies and enterprises Administrative and support, waste management and Educational services Health care and social assistance Arts, entertainment and recreation Accommodation and food services Other services Public administration n/a n/a $30.57 $47.22 $44.25 $32.83 $28.52 $32.93 $19.54 $27.27 $33.84 $32.24 $39.58 $24.06 $34.36 $31.58 $20.25 $15.57 $22.62 $39.87 $0.00 $10.00 $20.00 $30.00 $40.00 $50.00 Source: Statistics Canada, 2016 73
BC AB SK MB ON QC NB NS PEI NL Canada Average Weekly Earnings Average Weekly Earnings Across Canada and Growth Rates $1,400 5.0% $1,200 $1,000 3.9% $1,146.05 3.6% 3.2% $947.51 3.7% 3.7% $1,014.72 2.8% $996.28 2.4% $916.29 $902.84 $892.49$866.41 3.2% $1,027.79 $980.53 4.0% 3.0% $800 $600 1.9% $797.70 1.7% 2.0% 1.0% 0.0% Growth Rate $400-1.0% $200-2.0% $0-2.4% -3.0% Average Weekly Earnings Growth Rate Over Previous Year Source: Statistics Canada, September 2017 74
Average Wages and Salaries Across Canada $80,000 $74,501 2.5% $70,000 $60,000 $50,000 $46,857 $63,602 2.0% $51,154 1.4% $53,683 1.9% $52,272 1.9% $45,264 2.0% 1.5% 1.0% 0.5% $40,000 0.4% 0.0% $30,000-0.4% -0.5% $20,000-1.0% $10,000-1.5% -1.5% $0 Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal -2.0% 2017F Average Wages and Salaries per Employee 2016 Growth Rate Source: Conference Board of Canada, 2017 75
Average Wages and Salaries Growth Rates Across Canada 40% 35% 35.3% 30% 25% 22.7% 20% 19.1% 18.7% 20.6% 15% 13.2% 13.7% 14.3% 10% 7.2% 7.4% 9.9% 7.0% 7.6% 7.6% 9.2% 5% 3.2% 0% Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada 5-Year Total Growth Rate (2012-2016) 10-Year Total Growth Rate (2007-2016) Source: Conference Board of Canada, 2017 76
Personal Income per Capita Personal Income per Capita Across Canada $75,000 6.5% $65,000 5.5% $63,552 4.5% 5.5% $55,000 $45,000 $35,000 $25,000 $46,833 2.2% $54,164 3.9% 2.5% 3.6% $48,738 $47,110 $49,205 2.2% 1.2% 1.3% 3.1% 3.3% $43,255 $46,213 2.4% 2.1% 4.5% 3.5% 2.5% 1.5% 0.5% Growth Rate -0.5% $15,000-0.6% $5,000-2.7% -2.2% -1.5% -2.5% -$5,000 Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada -3.5% Current Personal Income per Capita Previous-Year Growth Rate Current-Year Growth Rate Source: Conference Board of Canada, 2017 77
Personal Income per Capita Growth Rates Across Canada 30% 26.4% 26.1% 25% 24.4% 23.5% 21.3% 20% 19.2% 18.1% 18.6% 15% 13.3% 10% 8.6% 10.6% 10.0% 11.3% 7.1% 6.8% 5% 4.5% 0% Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada 5-Year Total Growth Rate (2012-2016) 10-Year Total Growth Rate (2007-2016) Source: Conference Board of Canada, 2017 78
Millionaires Per Capita Across Canada 250 200 150 158.1 176.9 225.3 27% increase over 2014 Millionaires in Calgary reported a median income of $1.57 million in 2015. 115.5 107.9 100 89.5 84.1 50 61.0 64.6 53.6 64.765.5 27.8 21.520.5 45.7 38.8 32.9 40.742.8 56.3 0 Vancouver Edmonton Calgary Toronto Ottawa Montreal Canada 2013 Millionaires Per Capita (per 100,000 population) 2014 Millionaires Per Capita (per 100,000 population) 2015 Millionaires Per Capita (per 100,000 population) Taxfiler data released on a 2 year lag to current year. Source: Statistics Canada, 2015, Per 100,000 Population 79