Alberta's unemployment rate dips to 7.8% as province gains 12000 full-time jobs

Alberta's unemployment rate dips to 7.8% as province gains 12000 full-time jobs

Alberta's unemployment rate dips to 7.8% as province gains 12000 full-time jobs

At this time a year ago, Victoria's unemployment rate was five per cent. While the number of full-time positions swelled by 88,700, it was offset by losses in part-time work which shed 53,400 jobs.

The result was a slight increase in the unemployment rate, from 6.0 to 6.1 per cent.

The national economy added 35,500 net jobs in October, but more young people are looking for work, says Statistics Canada.

London's unemployment rate rose to 6.3 per cent in October, up from 5.5 per cent the month before.

A separate trade report Friday was more in line with the current trend of weakening data, as exports continued falling and deficits surpassed C$3 billion for a fourth month.

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Victoria B.C. continues to enjoy the lowest unemployment rate in Canada at 3.8%, while St. John's Newfoundland has the highest at 8.8%.

Economists have been predicting that the economy is slowing in the second half of the year after the red-hot pace set in the first six months of 2017.

This removes any immediate urgency to raise interest rates from current levels, but more signs of rising capacity pressures will eventually lead the Bank of Canada to another rate hike as early as January 2018, Raptis said.

"Every quality measure we typically look at in the employment report was on the side of angels", he said. The participation rate increased to 65.7 per cdent Goods-producing industries were behind the gain in October, generating 33.9k jobs versus 1.4k jobs in services All the new jobs were in the private sector.

Saskatchewan also noted major year-over-year gains with jobs in construction up 1,800, transportation and warehousing up 1,300 and other services up 2,200.

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