Edmonton sees record breaking migration to the city, job increases in professional and technical sectors: Report

Abstract
Edmonton saw record breaking population growth in 2023 which is largely attributed to 47,100 international newcomers- a 13,700 increase from 2022 which saw a high of 33,400. Additionally, the city saw an estimated 5.2% job increase in 2023 hitting a record high of approximately 851,000- a 42,400 increase from 2022. Job increases were mainly led by the professional and technical sectors. However, Edmonton’s unemployment rate averaged 5.9% in 2023, and is expected to rise to a rate of 6.3% in 2024, suggesting that the labour force increase will be faster than employment. The unemployment rate is expected to lower in 2025 to 6.1% and stabilize in 2026-2028.