Unemployment rate in southern Alberta below 4 per cent

Canada's unemployment rate dropped to 5.6 per cent in November the lowest rate in comparable records going back to 1976

Canada's unemployment rate dropped to 5.6 per cent in November the lowest rate in comparable records going back to 1976

Unemployment numbers hit a new low in Canada last month. Most jobs are in the agricultural field and more than half of industry employment is in Ontario.

Year-over-year the unemployment rate is down from November 2017 when it sat at 5.3%, and when 37,700 people were employed in the region.

The employment rate, the percentage of the population over 15 that is employed, was at 64.2 per cent during the month, up from 63 per cent in October as the number of people with jobs in the region rose by 44,500.

Employment rose by 94,000 in November, decreasing the unemployment rate from 5.8% to 5.6%, which is the lowest point since comparable data became available in 1976.

Saguenay, Sherbrooke, Quebec City and Trois-Rivières all saw declines in employment and labour force.

Barrie's unemployment rate is besting Ontario's and Canada's right now.

Canada added 94,100 net jobs for its largest monthly increase since March 2012 when there was a gain of 94,000 jobs.

US Hiring Slowed to 155K Jobs, Jobless Rate Unchanged
Unemployment rates dropped sharply for African-Americans, Asian-Americans and workers with only a high school diploma or less . And both manufacturing and services companies expanded at a healthy pace in November, according to a pair of business surveys.

The improvements, however, obscured a key piece of data: weakening wage growth. The November surge was fuelled by other positives: 89,900 new full-time positions and 78,600 employee jobs in the private sector.

And Barrie's unemployment rate has climbed 1.6 per cent since November 2017.

"I would caution us against celebrating too quickly, however, because wage growth is decelerating sharply".

Experts expect that wage growth will rise due to tightening conditions in the labour market, but he declined every month since its peak of 3.9 per cent.

Since it was legalized on October 17, there's been a major increase in jobs within the industry.

The Bank of Canada is closely monitoring wages before making decisions on interest rates.

The November unemployment report showed that the manufacturing sector added 26 900 jobs in connection noticeable increase in construction 14800 positions. On Wednesday, the Central Bank held the base rate at 1.75 percent, but, explaining his decision, said other economic disadvantages, such as weaker-than-expected business investment and a sharp drop in oil prices. The gains were led by increases in full-time work, StatCan noted.

Recommended News

  • OnePlus 6T McLaren Edition Could Have Faster Charging Than OnePlus 6T

    OnePlus 6T McLaren Edition Could Have Faster Charging Than OnePlus 6T

    The back is covered in glass but the inside of the glass appears to have a design that makes it appear as if it is made of kevlar. The new charging, to be called Warp Charge 30, will be capable of charging enough to give a day's power in just 20 minutes.
    Tour de Yorkshire route for 2019 announced

    Tour de Yorkshire route for 2019 announced

    The route has been officially revealed this morning and the cyclists will be arriving on the Yorkshire Coast on Saturday, May 4. The full route covers 617.5km of roads, two National Parks and 150 towns and villages from all four corners of the county.
    United Kingdom  parliament vote on Brexit deal to go ahead on Tuesday: minister

    United Kingdom parliament vote on Brexit deal to go ahead on Tuesday: minister

    The Remain-supporting frontbencher said a so-called Norway-plus model was a "plausible" alternative. If there was another referendum, I think we're better off in'.
  • Nissan Confirms Production Of The GT-R50 By Italdesign

    Nissan Confirms Production Of The GT-R50 By Italdesign

    Only 50 units will ever be built - at least that's the word now - and each will sell for 990,000 Euro before taxes and options. The 3.8-litre twin-turbocharged V6 was fitted with larger turbos, larger intercoolers, new fuel injectors and uprated pistons.
    Five stats from Bulls' historic loss at home

    Five stats from Bulls' historic loss at home

    Boston led 35-17 after the first quarter, 64-43 at halftime and 93-60 after the third quarter. Maybe we saved them. "I thought our guys stayed consistent through all 48 (minutes)".
    Police reviewing alleged racial abuse against Manchester City's Raheem Sterling

    Police reviewing alleged racial abuse against Manchester City's Raheem Sterling

    It was the Frenchman's first goal since the first game of the season and Chelsea's first shot on target. Sarri told BT Sport . "We are happy with the win.
  • Kid Rock pays off layaway for 350 customers at Nashville Walmart

    Kid Rock pays off layaway for 350 customers at Nashville Walmart

    A manager at Walmart on Dickerson Road in Nashville confirmed to FOX 17 Kid Rock had paid $81,000 in layaway bills at the store. The items on lawaway are likely Christmas gifts since the store only offers the program during the holiday season, Meyer said.
    Felon charged with kidnapping, murder of Hania Aguilar

    Felon charged with kidnapping, murder of Hania Aguilar

    Rest in peace daughter, my gorgeous princess, ' the heartbroken father said. "I'll either stay home or take a long walk alone". The stolen SUV was found abandoned less than 10 miles from Hania's home at the Rosewood Mobile Home Park, authorities said.
    DOJ: Trump directed illegal payments during campaign

    DOJ: Trump directed illegal payments during campaign

    He's pardoned Joe Arpaio, the former Arizona sheriff who was convicted of criminal contempt for disobeying a judge's order, and I. Lewis "Scooter" Libby, a Bush administration official convicted of perjury and obstruction of justice in a leak case.
  • Project Bloodhound Is Officially Dead After Failing To Secure Funding

    Project Bloodhound Is Officially Dead After Failing To Secure Funding

    The aim was simple: to build a jet auto that would beat the current 763-mph land speed record and break the 1,000-mph barrier. The Bloodhound SSC was born, powered by the same Rolls-Royce EJ200 jet engine used by the Eurofighter Typhoon fighter jet.
    Principal placed on leave for banning candy canes

    Principal placed on leave for banning candy canes

    Santa Claus, Christmas trees, Elf on the Shelf, reindeer , any red and green items and candy canes were also Grinched out. The district's policy says Christmas trees, Santa, Easter eggs and bunnies are considered 'secular, seasonal symbols'.
    Conor McGregor granted continuance in hearing regarding UFC 229 brawl

    Conor McGregor granted continuance in hearing regarding UFC 229 brawl

    Danis, Tukhugov and Abubakar are all now suspended by the Nevada commission as well, pending their own disciplinary hearings. McGregor and Khabib can not announce their next fight until their Nevada State Athletic Commission case has concluded.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.