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techkenyot.com January 17, 2019


Local unemployment rate steady but high

04 November 2018, 05:02 | Hattie Nash

The unemployment rate is down 1.5 percentage points from September

The unemployment rate is down 1.5 percentage points from September

In Prince Albert and Northern Saskatchewan, which includes numbers in our region, the unemployment rate jumped up to 7.2 per cent from 6.9 this time a year ago.

Despite this, B.C.'s unemployment rate as a province only fell 0.1% as a whole, from 4.2% to 4.1%.

The monthly unemployment rate in Montreal reached its second lowest level on record in October.

The number of high-tech jobs slipped by 2,500 from September to October, for a new total of 36,900.

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The numbers show an unemployment rate of 4.6 per cent for Medicine Hat in October 2018, down from 5.1 per cent in September 2018. That's the lowest since July 2015.

Statistics Canada says Alberta's jobless rate also rose from 7 per cent to 7.3 per cent, while Canada's dipped to 5.8 per cent.

According to Statistics Canada's latest labour force survey the unemployment rate in the Kingston-Pembroke region was 6.7% in October, down slightly from 6.8% in September.

While employment was little changed in Ontario, there were fewer people looking for work, lowering the unemployment rate to 5.6 per cent.

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Experts have expected wage growth to strengthen in the tightened labour market _ but it has dropped every month since May when it was 3.94 per cent.

Last week, the Bank of Canada bumped its benchmark rate for the fifth time in 15 months to 1.75 per cent.

For employee work, the private sector added 20,300 positions last month, while the public sector lost 30,800 jobs.

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