). The opinions expressed in this document are the author ...€¦ · This report was prepared by...
30
Transcript of ). The opinions expressed in this document are the author ...€¦ · This report was prepared by...
This report was prepared by Rob Roach, Director of Insight, Economics & Research, ATB Financial ([email protected]). The opinions expressed in this document are the author’s and not necessarily those of other ATB Financial employees or its Board of Directors. The author extends his thanks to Karin Põldaas, Nick Ford and Todd Hirsch for their input and support. Any errors or omissions remain the sole responsibility of the author. Permission is hereby granted to use or reproduce this report for personal or classroom use without fee and without formal request. © ATB Financial 2015
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83%
17%
Figure 1: Alberta, proportion of total employment, 2014
Employees
Self-employed
10%
12%
14%
16%
18%
20%
22%
19
76
19
77
19
78
19
79
19
80
19
81
19
82
19
83
19
84
19
85
19
86
19
87
19
88
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
Figure 2: Self-employed workers as a percentage of all workers, 1976-2015
Canada Alberta
21%
13%
21%
28%
12%
24%
11%
17%
28%
13%
5%
25%
38%
27%
9%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
1976-1979 1980s 1990s 2000s 2010-2014
Figure 3: Change in employment in Alberta,per cent change between start and end of various periods
Total employed Employees Self-employed
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
Figure 4: Annual per cent change in employees and self-employment, Alberta, 1977-2014
per cent change in employees per cent change in self-employed
30%
13%
18%
6%
0%
5%
10%
15%
20%
25%
30%
35%
2004-2014 2009-2014
Figure 5: Change in employment in Alberta,per cent change between start and end of various periods
Employees Self-employed
0.80%0.65%
2.17%
-0.59%
0.64%
1.57%
-0.82%
0.94%
2.97%
-1.47%
-0.29%
1.46%
-2.00%
-1.50%
-1.00%
-0.50%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
b/w Dec '13and Dec '14
b/w Jan '14 andDec '14
b/w Jan '14and Jan '15
b/w Jan '15 andOct '15
b/w Oct '14and Oct '15
b/w Jan '14and Oct '15
Figure 6: Per cent change in self-employment, various periods, Canada and Alberta
Canada
Alberta
Downturn
377
371
378382
392
384
395 393390
381377
379
374
382 382
369
376
381
367
373 372376 376
350
355
360
365
370
375
380
385
390
395
400
Figure 7: Number self-employed in Alberta, December 2013-September 2015 (000s)
2704 2708 27102715
2729
2717
2746
2712
2745
2709
2733
2743
2725
2766 2770
2753
2729
2750
2728
2768
2747
2777
2750
2660
2680
2700
2720
2740
2760
2780
2800
Figure 8: Number self-employed in Canada, January 2014-August 2015 (000s)
66%
34%
Figure 9: Self-employment by gender, Alberta, 2014 (proportion of total self-employed)
Men
Women
69%
31%
Figure 10: Self-employment by paid staff, Alberta, 2014(proportion of total self-employed)
Without paid staff
With paid staff
58%
42%
Figure 11: Self-employment by incorporation, Alberta, 2014(proportion of total self-employed)
Incorporated
Unincorporated
0%
0%
2%
3%
3%
3%
4%
5%
6%
7%
7%
7%
8%
11%
17%
18%
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%
Public administration
Utilities
Educational services
Information, culture and recreation
Manufacturing
Accommodation and food services
Forestry, fishing, mining, quarrying, oil and gas
Business, building and other support services
Finance, insurance, real estate and leasing
Transportation and warehousing
Trade
Health care and social assistance
Other services
Agriculture
Professional, scientific and technical services
Construction
Figure 12: Self-employed by economic sector, Alberta, 2014(proportion of total self-employed in each sector)
0%
1%
5%
7%
8%
8%
9%
11%
14%
19%
22%
24%
26%
27%
36%
72%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Public administration
Utilities
Educational services
Manufacturing
Trade
Accommodation and food services
Forestry, fishing, mining, quarrying, oil and gas
Health care and social assistance
Information, culture and recreation
Transportation and warehousing
Finance, insurance, real estate and leasing
Business, building and other support services
Other services
Construction
Professional, scientific and technical services
Agriculture
Figure 13: Economic sector by self-employed, Alberta, 2014(proportion of each sector's workers who are self-employed)
63.0
61.5
63.3
66.4
59.0
60.0
61.0
62.0
63.0
64.0
65.0
66.0
67.0
All retirees Public sector employees Private sector employees Self-employed
Figure 15: Average retirement age, Canada, 2014, years
20.5%22.2% 22.6% 22.1%
10.6%
1.7% 1.9%3.7%
14.0%
24.2%
29.0%
19.5%
7.3%9.6%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
15-24 25-34 35-44 45-54 55-64 65-74 65+
Figure 14: Age profile by class of worker, Alberta,2006 Census (proportion in each age group)
Employees Self-employed
11%
20%
9%
36%
25%
12%
19%
7%
35%
28%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Less than high school High school grad Some post-secondary Post-secondarycertificate or diploma
University degree
Figure 16: Education level, Canada, 2010
Employees Self-employed
5%
11%
21%
49%
7%
7%
9%
12%
14%
24%
7%
34%
0% 10% 20% 30% 40% 50% 60%
1 to 14 hours
15 to 29 hours
30 to 39 hours
40 hours
41 to 49 hours
50 hours or more
Figure 17: Usual hours worked per week, Alberta, 2014
Self-employed Employees
$50,000
$44,400
$56,600
$36,900
$- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000
Paid employees
Total self-employed
Incoporated self-employed
Unincorpated self-employed
Figure18: Average individual market income, Canada, 2009
$80,900
$81,500
$103,100
$66,700
$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
Paid employees
Total self-employed
Incoporated self-employed
Unincorpated self-employed
Figure 20: Average household market income, Canada, 2009
$67,000
$54,500
$75,600
$37,900
$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
Paid employees
Total self-employed
Incoporated self-employed
Unincorpated self-employed
Figure 21: Median household market income, Canada, 2009
