Friday, 22 March, 2019

Area's unemployment rate up

Area's unemployment rate up Area's unemployment rate up
Russell Knight | 11 May, 2018, 19:26

The unemployment rate in the Rose City has gone up slightly in April to 5.5 per cent. It was the monthly reading's largest annual increase since October 2012.

That includes a drop to 6 per cent in the Medicine Hat-Lethbridge region from 6.8 per cent in April 2017 and 6.5 per cent in March.

Wage growth hit its highest level in almost six years, with a 3.6 per cent increase over 2017.

The decline of 1,100 jobs reported by Statistics Canada on Friday was well short of economists' forecasts for an increase of 17,400.

The participation rate for the London area (the percentage of local adults either working or looking for jobs) continues to edge up to 61.2 per cent, but is still down 0.8 per cent from a year ago and well below the national rate of 65.4 per cent.

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The jobless rate was unchanged at 5.8%, still the lowest in records back to 1976.

The agency said the economy produced 28,800 full-time jobs last month and shed 30,000 part-time positions.

Provincially, nearly 32,000 positions were added over 12 months in goods producing sectors, with the respective oilpatch and manufacturing sectors each posting a yearly gains of 13,000 positions, or about 10 per cent.

Sectors that saw increases in employment in April included construction, manufacturing, professional services, and administration.

Compared with 12 months earlier, the employment was up 1.5 per cent following the creation of 278,300 jobs, which was fuelled by 378,300 new full-time positions.

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