Northeast BC unemployment at 5.5% to start 2019

Share
Northeast BC unemployment at 5.5% to start 2019

Good news on the jobs front in Prince George.

Canada's unemployment rate rose to 5.8 percent from 5.6 percent in December despite adding 66,800 new jobs in January, according to the results of a survey released by Statistics Canada Friday.

Stats Canada says the national unemployment rate edged up to 5.8 per cent in January from 5.6 per cent in December.

(StatsCan warns with unadjusted data, one can not make month-to-month comparisons since different seasonal factors influence each month).

RED DEER- For the second month in a row the Red Deer area unemployment rate was the lowest in Alberta. "That blew past expectations for a modest 5,000 gain", said Royce Mendes, an economist with CIBC Economics.

With a small estimated population change of only 100 people and the increases in both people working and people looking, the unemployment rate has gone up slightly.

Last week, Bank of Canada senior deputy governor Carolyn Wilkins said the country has been in a "puzzling" stretch of weak wage growth at a time when the job market has been experiencing one of its biggest labour shortages in years. Employment in the accommodations and food services sector grew by 5,600 jobs, and transport and warehousing employment grew by 6,400 jobs.

The Bank of Canada has been monitoring wage growth ahead of its interest-rate decisions as it tries to determine how well indebted households can absorb higher borrowing costs. The central bank stayed on the sidelines last month after five hikes since July 2017, and most analysts expect no action.

Part-time job gains outpaced full-time, 36,000 versus 30,900, and youth age 15 to 24 led employment growth, accounting for a whopping 79 percent of total job gains and virtually all the part-time gains.

Year-over-year, the unemployment rate is up from January 2018 when it sat at 3.8%, and when 37,700 people were reported to be employed in a labour force of 39,200.

"Volatility returned with a notable increase in employment during the month of January", he wrote.

Share

Advertisement

Related Posts

Florida man dances through DUI sobriety test
Local media reported that deputies said Larson had a blood alcohol content of 0.28, three times the legal limit of 0.08. Deputies in Pasco County found Christopher Larson, 33, asleep at the wheel of his truck with his foot on the brake.

Turkey building collapse death toll rises to 10
The building , which had 43 people living in 14 apartments, had a street-level ground floor and seven higher floors, Istanbul Gov. However, Mr Kurum told reporters that some apartments had guests at the time of the collapse, without providing details.

NASA and SpaceX Postpone First Crew Dragon Test Flight
The agency is counting on its commercial crew program to begin operational crew rotation flights before the end of the year. It will also be the first time in history a privately-built spacecraft will dock with the International Space Station.

Elizabeth Warren Officially Announces 2020 Presidential Run
The campaign launch comes at a challenging moment for Warren. "That's a fundamental promise of America", she said. President Trump has often taunted Warren, dubbing her " Pocahontas " to mock her heritage claims.

The Best National Pizza Day Deals
The offer can be redeemed for either cheese or pepperoni, is dine-in only, and valid on your next visit in February. Pilot Flying J : Get a free slice of pizza through February 10th with the Pilot Flying J app .

Huawei says it could take 5 years to resolve hardware issues
Mr Ding said in his letter last week that the company "has never and will never" use its equipment to assist espionage activities. It said that it was disappointed that there had been a "lack of progress" in tackling previously identified shortcomings.

PSG hands big boost to Manchester United ahead of Champions League clash
We do not have a second Edi, nor a second Neymar. "I do not know [if he will be fit]". After he left the pitch, it was more hard for us to control the game.

Tonight's UFC 234 Main Event Scrapped, Former Champion Elevated Into Headline Fight
Evidently, Whittaker began complaining of pain in his abdomen during the middle of the night and was taken to the hospital.

First Oppo F11 Pro render confirms camera setup and full-screen design
As per the source, the Oppo F11 Pro would feature a MediaTek P70 SoC paired with 6GB of RAM and 128GB of internal storage . The page also reveals that the handset will offer an in-display fingerprint sensor.

India rebuts China on Modi’s visit to Arunachal
In Nov 2017, China had attacked President Ram Nath Kovind over his visit to north-eastern state . Rs 4,000 crore in the border state .

© 2015 ExpressNewsline. All Rights reserved.