Banff Unemployment

The Unemployment Rate in Banff is 5.3%. This accounts for non-institutional persons 15 years or older who are seeking employment. The Participation rate in Banff is 81.3%. The participation rate is a measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases. The Employment rate in Banff is 85.8%. The employment rate represents the number of employed persons expressed as a percentage of the population aged 15 years and over.

Participation rate49.77 %
Employment rate47.16 %
Unemployment rate3.07 %
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