Published: Mon, August 13, 2018
Money | By Ralph Mccoy

Stats Canada labour survey show slight rise in Windsor jobless rate

Stats Canada labour survey show slight rise in Windsor jobless rate

This matches Shenfeld's call in late July, when data showed the economy grew 0.5% in May. In July of 2017, the unemployment rate was 10.5 per cent, though the participation rate was just 64.2 per cent, a number that is now at 65.5, pushing the labour force to 22,400 from 21,900 this time past year.

Here at home, Prince Albert's unemployment rate took a steep climb, surging to its highest point in months and reaching 11.2 per cent.

Canada unexpectedly added 54,100 jobs in July and the unemployment rate dipped to equal a record low 5.8 percent, but analysts said the data were weaker than they appeared and played down talk of a rate hike next month.

The jobless rate had been 5.8 percent from February through May, the lowest since the current method of calculating unemployment was introduced in 1976, before edging up to 6.0 percent in June.

82,000 part-time jobs were created and that helped offset a loss of 28,000 full-time jobs.

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"In the wacky world of Canada's monthly employment numbers, July came up with another head scratcher, with some big headlines but some disappointments in the fine print", CIBC chief economist Avery Shenfeld wrote Friday in a research note to clients.

Meanwhile, Canada's unemployment level is the lowest it has been in 40 years. But, it could be an indicator of whether the Bank of Canada will increase interest rates next month.

"Employment rose in a number of services-producing industries: educational services; health care and social assistance; information, culture and recreation; and the other services industry", Stats Canada reported.

Compared with a year earlier, overall employment was up 1.3% following the addition of 245,900 jobs for an increase driven by 210,500 new full-time positions.

Average hourly wage growth, which is closely monitored by the Bank of Canada, continued its gradual slide last month to 3.2 percent after expanding 3.6 percent in June and 3.9 percent in May.

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