Wednesday, 21 August, 2019

Northeast BC unemployment rate increased in January 2019

Woman looking through a filing cabinet. GETTY IMAGES  Raphye Alexius Woman looking through a filing cabinet. GETTY IMAGES Raphye Alexius
Ginger Lawrence | 10 February, 2019, 17:42

The biggest boost came from the number of private-sector employee positions, which climbed by 111,500 in January for the category's biggest month-to-month increase since the agency started collecting the data point in 1976.

The unemployment rate continued to hover at about 5.5 per cent. Year-over-year, Saskatchewan gained 7,700 jobs.

"Definitely the headline job gain was very impressive", said BMO chief economist Douglas Porter.

The national unemployment rate was 5.8 per cent in January, up from its 43-year low of 5.6 per cent in December.

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.

Halyk said the Workforce Planning Board's new labour market report was titled Help Wanted: Building the Talent Pool because so many employers are struggling to find workers. Employment in the accommodations and food services sector grew by 5,600 jobs, and transport and warehousing employment grew by 6,400 jobs.

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The jobless rate, in Canada, for men 25 years of age or older was 5.2%.

The region with the lowest rate in Alberta is Red Deer at 4.4 per cent while the province's overall is 6.8. The Bank of Canada has expressed confidence that wage growth will pick up its pace. Many analysts expect governor Stephen Poloz to wait until much later in 2019 before making a move.

Statistics Canada's monthly Labour Force Survey provides estimates of employment and unemployment, based on a sampling of households in communities.

Canada added 30,900 full-time jobs last month and 36,000 part-time positions, the report said.

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.

The details were relatively solid too, with the all of the jobs coming in paid employment and a slight tick up in wage growth despite Ontario's minimum wage increase falling out of the annual calculation.