Red Deer unemployment rate dips below 10%

Breaking: US Nonfarm Payrolls decline by 140,000 in December vs. +71,000 expected

Breaking: US Nonfarm Payrolls decline by 140,000 in December vs. +71,000 expected

Nonfarm payrolls decreased by 140,000 from the previous month and the unemployment rate was unchanged at 6.7%, the Labor Department said on Friday.

It rose by half a percentage point over November, when the jobless rate was 10.6 per cent.

Last month's job loss came nearly entirely in hospitality and leisure industries - including restaurants and hotels - which lost 498,000 jobs.

Some 52,000 jobs were lost last month in the Toronto census area, which stretches from Ajax in the east to Milton in the west and from Lake Ontario north to Lake Simcoe, the first such retraction in five months.

The December report "makes me more anxious about the recessionary dynamic taking hold", she said. It noted that additional public health measures were put in place in many provinces after that period, which will likely be reflected in its January labour force survey results.

"Hopefully it is indeed darkest before the dawn", said Leslie Preston, senior economist at TD Bank.

"It will be a rocky road for the Canadian economy until vaccines can be widely distributed and normal life can resume".

Earth's rotation accelerates in 2020, we may need a 'negative leap second'
Over the course of a year, the shorter days are expected to total to a deficit of about 19 milliseconds. It is predicted that an average day in 2021 will be 0.05 ms shorter than the usual 86,400 seconds.

But almost 11 million people remain out of work, while more than seven million others would like a job, but have given up looking or are unavailable for other reasons, the Labor Department said.

The seven-month streak of gains in Canada's labor market came to an end in December as health authorities tightened restrictions to curb a second-wave of COVID-19 cases. Since February, employment in leisure and hospitality is down by some 3.9 million jobs.

Companies announced a 18.9% surge in layoffs last month, and a measure of service industry employment contracted.

December's job losses capped off a bad year for the Canadian economy and the world in general, as the coronavirus pandemic sickened millions and forced governments to shut down or restrict businesses, social gatherings and worldwide travel. "But the good news, such as it is, is that Shutdown 2 is imposing a much less severe economic cost than in the spring, especially in sectors not directly affected". The information, culture and recreation group lost 18,800. Retailers added 121,000 jobs in December, which may have reflected consumers stepping up spending for the holidays.

While the proportion of Canadians working from home declined from a peak in April (41.6 per cent) to a low in September (25.6 per cent), before increasing slightly in the fall, the degree of change has varied by sector.

The lost winter could have lasting implications. British Columbia eked out a small gain of 3,800 positions. The unemployment rate held steady at 6.7%.

According to the Bureau of Labor Statistics, leisure and hospitality shed 498,000 jobs, making it one of the hardest-hit sectors by far. The provincial unemployment rate went up to 9.5 per cent in December from 9.1 per cent in November.

Recommended News

  • Twitch Will Randomly Choose a New 'PogChamp' Emote Every 24 Hours

    Twitch Will Randomly Choose a New 'PogChamp' Emote Every 24 Hours

    Its use, during moments of incredible skill for gamers on the platform, is something the company wanted to continue. The first streamer to get the PogChamp spotlight is fighting game player Kenny "UnRoolie" McWild, as Kotakunotes.
    Harry Styles & Olivia Wilde Agrees With Matching Outfit

    Harry Styles & Olivia Wilde Agrees With Matching Outfit

    The source said, " Jason and Olivia had been broken up for nearly a year and her moving on from the relationship was no surprise". The source continued, "But that's how quickly it happened, and none of it happened until she began filming with Harry".
    House prices end 2020 at record high but growth slows in December

    House prices end 2020 at record high but growth slows in December

    Despite growth slowing, the end of 2020 saw average house prices reach a record high of £253,374, after a six-month boom. The index also showed that house prices were up 0.2% month-on-month, and by 2.6% on a quarterly basis.
  • LeBron James praises Patrick Williams ‘hands of Kawhi’ after Bulls-Lakers

    LeBron James praises Patrick Williams ‘hands of Kawhi’ after Bulls-Lakers

    More specifically, the Lakers list Kentavious Caldwell-Pope, LeBron James and Anthony Davis as questionable for the contest. Hamidou Diallo scored 11 of his season-high 23 points in the fourth quarter as visiting Oklahoma City pulled away from NY .
    Miley Cyrus devastated as beloved dog dies from cancer with 'multiple tumours'

    Miley Cyrus devastated as beloved dog dies from cancer with 'multiple tumours'

    OurPrivacy Noticeexplains more about how we use your data, and your rights. To be oblivious when the rays of heaven glow down onto you.
    Malcolm & Marie Trailer: John David Washington & Zendaya are insane  in Love

    Malcolm & Marie Trailer: John David Washington & Zendaya are insane in Love

    The evening suddenly takes a turn as revelations about their relationships begin to surface, testing the strength of their love. The 24-year-old is set to star in the upcoming Netflix movie Malcolm & Marie, which is being eyed for award season in 2021.
  • Croatia`s Ivo Karlovic becomes oldest ATP Tour match victor

    Croatia`s Ivo Karlovic becomes oldest ATP Tour match victor

    No. 4-seeded Hubert Hurkacz of Poland also reached the quarterfinals, beating Daniel Elahi Galan of Colombia, 6-2, 6-2. World no. 789 qualified for the main draw and scored his first ATP win since Newport 2018.

    Valorant Episode 2, Act 1 adds new character Yoru

    Teleportation and a powerful projectile will also be part of the official Yoru ability list when he arrives later this week. Using deception and aggression in equal measure, he gets the drop on each target before they know where to look.
    PGA Championship to be moved away from Trump-owned course

    PGA Championship to be moved away from Trump-owned course

    The president was also booted from several social media websites as a result of online rhetoric and fear of inciting violence. Some fans of Home Alone 2: Lost in NY are calling for Trump to be digitally removed from his role in the film.
  • Two uncapped players in SA squad

    Two uncapped players in SA squad

    Head coach Mark Boucher made three tours of Pakistan as a player, with South Africa winning two and losing one of the Test series. They replace Glenton Stuurman and Migael Pretorius who are both recovering from injuries and will not recover in time to travel.
    Limited Time Demo of Monster Hunter Rise Launches on Nintendo eShop

    Limited Time Demo of Monster Hunter Rise Launches on Nintendo eShop

    If you're looking forward to the new Wyvern Riding , then the demo will allow you to experience a taste of it before launch. However, players can only access the quests a total of thirty times and failures will count towards your total quest count.
    Pope Francis calls on Americans to 'take responsibility' in wake of violence

    Pope Francis calls on Americans to 'take responsibility' in wake of violence

    Pope Francis' personal doctor, Fabrizio Soccorsi, has died from health complications related to the coronavirus. Mr Soccorsi, who died aged 78, is said to have been hospitalised in Rome on December 26 for other reasons.

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.