Edmonton's unemployment rate dips slightly in February: StatsCan

10 March, 2018, 00:30 | Author: Terri Saunders
  • London-St. Thomas unemployment rate rises to 6.7% in February

Since February 2017, the B.C. unemployment rate has dropped four-tenths of a point, from 5.1 per cent.

The employment rate declined from 63.9 per cent in January to 63.5 per cent in February.

The rate for the Windsor CMA is below the national average, which was down to 5.8 per cent but the gains were due to a surge in part-time work that offset a decline in full-time positions.

February's gains in Canada were all in the part-time sector, which added 54,700 positions, while the full-time sector shed 39,300 jobs.

The London area's jobless rate rose to 6.7 per cent in February, up from 6.5 per cent in January.

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Statistics Canada reported Friday that the health-care and social assistance sectors added jobs, while wholesale and retail trade, and manufacturing all shrank. In December it was 3.4 per cent.

Bank of Canada Deputy Governor Timothy Lane said on Thursday the central bank is not on a preset course regarding interest rates, adding it will view future rate moves cautiously and assess incoming data.

Cooper said the February reading won't set off inflation warnings for the Bank of Canada, which noted this week that wage growth is still below what it considers a normal level for an economy without labour market slack. The province's unemployment rate is tied for the third lowest in the country with Qubec, trailing Ontario at 5.5 and British Columbia at 4.7.

Last month's job growth, while small enough to be statistically insignificant, represents an improvement over the January report that showed a drop of 88,000 positions for the labour force's steepest one-month drop in nine years. The city's unemployment rate is up to 8.4 per cent from eight per cent year-over-year, as more people continue to participate in the workforce, which reflects those either working or looking for work, up to 66 per cent from 65.7. Government employment increased by 3,200, with local government gaining 2,700 jobs and state government increasing by 500 jobs.

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