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Calgary is the fourth-most livable city in the world, but it still has a big-league problem on its hands.

Despite oil prices rallying this year, a new civic report finds total employment in the Calgary region actually dropped by 4,200 between June and July, and fell 9,200 from the same period in 2017.

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This comes as the Economist Intelligence Unit ranks Calgary as the fourth-most livable city on the planet, trailing only Vienna, Austria, Melbourne, Australia, and Osaka, Japan.

Calgary undeniably has a great quality of life to offer. But the ability of residents to find a job is also crucial.

For the thousands of Calgarians searching for work, the unemployment rate in the city is still too high, sitting at 7.9 per cent last month. That lags behind Edmonton at 6.5 per cent.

Employment in Calgary’s service-producing sector was hit hard in the past year, with the accommodation and food services industry witnessing the steepest decline, as 8,800 jobs disappeared.