Alberta’s unemployment rate climbs to 6.8% to start 2019

The jobs data is one of the last major indicators ahead of the March 6 rate decision. Last month, that went up to 6.8%, according to the Statistic Canada assessment.

The census field covering oil and gas, forestry and mining jobs saw 100 jobs added compared to the same period previous year, and 200 jobs lost month-over-month.

Year-over-year average hourly wage growth in January for permanent employees was 1.8 per cent, which was up from December's reading of 1.5 per cent, but still well below its May peak of 3.9 per cent. However, those numbers are not as high as a year ago.

In B.C., Stats Canada says the unemployment rate climbed three-tenths to 4.7 per cent in January, still the lowest of any Canadian province. Private sector jobs have been fuelling employment growth in the province, with an increase of 64,800 in the past year. The unemployment rate did rise, but only because of an increase in the participation rate. Stephen from 7.1 to 6.5, Fredericton-Oromocto from 7.9 to 7.7 and Edmundston-Woodstock from 7.4 to 7.3. Increases were also recorded in Quebec, Nova Scotia, Newfoundland and Labrador, Manitoba and New Brunswick.

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Unemployment in the region was 6 per cent in January, Statistics Canada said on Friday, down from 6.2 per cent the month before.

He credited recent job gains drawing people back in as for why the participation rate is running at its highest level since 2017. Although more people are working past 65 than they once did, the majority of seniors do leave the workforce.

The labour force report also showed that 4,000 full-time jobs were added in January, while roughly 400 part-time jobs were lost as month.

Despite the gain, B.C. still maintains the lowest unemployment rate among the provinces. "So while today's data will be bullish for the Canadian dollar and bearish for fixed income, the Bank of Canada is still likely on the sidelines for the first half of 2019".

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