Unemployment rate in southern Alberta below 4 per cent

Despite a slight rise in the unemployment rate more Montrealers were working in November than in October

Despite a slight rise in the unemployment rate more Montrealers were working in November than in October

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.

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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.

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