The job market in Lethbridge has seen a significant rise in employment in the last 12 months, with 15,000 employees added. This growth is a positive sign for the region, with the workforce now at around 80,000 people employed compared to 65,000 just a year ago. Trevor Lewington, CEO of Economic Development Lethbridge, believes that an economic phoenix is rising out of the tough COVID years, with most major indicators showing upward movement. The recovery post-COVID has been strong, with employment back to pre-pandemic levels, housing starts on the rise, and increased student enrollment at post-secondaries.
One of the contributing factors to this newfound growth is investment from major corporations. Lewington notes that when large multinational companies make significant investments in a region, it inspires confidence and attracts further investment. McCain and NewCold have injected over $800 million into the southern Alberta economy, creating over 300 permanent jobs. The expansion of these companies is not only beneficial for job creation, but also provides opportunities for the region’s agriculture industry, from construction to daily operations.
The positive job market outlook in Lethbridge has also brought optimism for students entering the workforce. Kathleen Massey, vice provost of students at the University of Lethbridge, states that up to 95% of graduates from the university find jobs after graduation. This statistic bodes well for students preparing to transition from academia to the workforce. With the current job market being described as a job seeker’s market, individuals are encouraged to actively search for opportunities on various websites and reach out to potential employers.
Overall, the economic growth in Lethbridge is a promising sign for the region’s future. With major investments from corporations and a strong job market, the outlook for employment opportunities is positive. The increased employment numbers, along with the recovery post-COVID, indicate a resilient economy that is on an upward trajectory. Students and job seekers alike can find encouragement in the current market conditions and the opportunities available in various sectors, such as agriculture and manufacturing.
In conclusion, the rise in employment numbers and economic recovery in Lethbridge are a testament to the resilience of the region. Major investments from corporations, such as McCain and NewCold, have not only created job opportunities but also stimulated growth in other industries. The positive job market outlook, combined with high rates of post-graduation employment for university graduates, is a promising sign for individuals entering the workforce. As the region continues to see growth and positive economic indicators, Lethbridge stands as a beacon of opportunity for job seekers and students alike.
