The 2008-2009 recession hit Alberta very hard, creating poverty and economic insecurity for Alberta’s families. Proportionally, Alberta lost the more jobs than any other province as unemployment shot up. Employment Insurance coverage was very low, forcing many Albertans to turn to social assistance. Low income Albertans had to stretch their dollars further as food costs increased far more than core inflation. The effects of the recession on Alberta can be seen in the skyrocketing number of bankruptcies and the largest increase in food bank use of all Canadian provinces.
Standard measures of poverty are published with a two year lag time. But while we need to wait until 2011 to see the recession’s effect on those measures, new research by Citizens for Public Justice, with funding from World Vision Canada, already reveals the impact of the recession on key economic indicators and poverty trends. Read more »