The job market in Lethbridge has seen a significant rise in the past 12 months, with over 15,000 employees added to the workforce. This increase is a positive sign of economic recovery in the region, with the current workforce now reaching about 80,000 people. The CEO of Economic Development Lethbridge, Trevor Lewington, attributes this growth to a variety of factors, including investment from major corporations and a general increase in economic activity following the challenges of the COVID-19 pandemic. He states that the region has fully recovered post-COVID, with indicators such as employment, housing starts, and student enrollment all pointing towards an upward trend.
Investment from major corporations such as McCain and NewCold has played a key role in the economic resurgence of Lethbridge. Over $800 million has been injected into the southern Alberta economy by these companies, creating over 300 permanent jobs in the process. This investment has the potential to double capacity, increase agricultural output, and provide opportunities for the region in various sectors of the economy. The positive impact of these investments is not only seen in the immediate job creation but also in the trickle-down effect on related industries and services.
The positive job market in Lethbridge is also beneficial for students who are preparing to enter the workforce. According to Kathleen Massey, the vice provost of students at the University of Lethbridge, up to 95 percent of university graduates are able to find employment after graduation. This strong employment rate provides optimism for students and highlights the opportunities available in the region. Lewington encourages job seekers to explore job websites and actively pursue opportunities, as the current market is favorable for those looking for employment opportunities.
The economic growth in Lethbridge is a sign of an economic phoenix rising out of the ashes of the tough years experienced during the COVID-19 pandemic. The region has experienced a rebound in various sectors, with major indicators showing positive trends. This growth has been driven by investment from major corporations, such as McCain and NewCold, who have made significant contributions to the local economy. The increased employment opportunities and economic activity have inspired confidence in the region, leading to further investment and job creation.
The job market in Lethbridge is experiencing a surge in employment, with thousands of new jobs being added in the past year. This growth is a positive sign for the region, indicating a recovery from the challenges of the pandemic. The increase in employment opportunities, investment from major corporations, and positive economic indicators are all contributing to the resurgence of the job market in Lethbridge. This growth is providing opportunities for both current residents and future graduates, highlighting the potential for continued economic prosperity in the region.
