Воскресенье, 21 Апреля, 2019

Thomas unemployment rate falls below 5% in October

Canada's labour force has increased by just 62,500 so far in 2018 one of the smallest 10-month gains in recent Canada's labour force has increased by just 62,500 so far in 2018 one of the smallest 10-month gains in recent
Russell Knight | 04 Ноября, 2018, 17:00

Nationally, the jobless rate lowered to 5.8 per cent - a 0.1 per cent dip from last month's count of 5.9.

The data agency's monthly Labour Force Survey showed that more than 18,705,000 Canadians 15 or older said they had a job last month, an increase from 18,693,000 the month previous.

Economists had expected an increase of 10,000 jobs and an unemployment rate of 5.9 per cent, according to Thomson Reuters Eikon.

Medicine Hat also contains the lowest unemployment rate among Alberta cities.

The capital region's jobless rate edged up to 4.6 per cent in October compared to 4.5 per cent in September, Statistics Canada reported Friday.

And the average year-over-year wage growth of permanent employees - a figure closely watched by the Bank of Canada - fell to just 1.9 per cent, the lowest since the 1.7 per cent recorded in August 2017.

Читайте также: Cell phone radiation triggers the development of cancer, say scientists

This was the seventh time in eight months that the unemployment rate in Montreal was lower than the unemployment rate in Toronto.

Nationwide, Canada's unemployment rate fell from 5.9% to 5.8%.

Experts have predicted wage growth to rise in the tightened labour market, but it has dropped every month since May when it was 3.94 per cent.

Saskatchewan added 2,500 jobs in October, but employment levels were largely unchanged in the other provinces.

October's numbers mean the economy has added nearly 206,000 new jobs in the past year.

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