Northeast BC unemployment at 7% in June

10 July, 2018, 00:42 | Author: Brooke Harris
  • THE CANADIAN PRESS  Jonathan Hayward Workers are

The jobless rate in B-C climbed to 5.2 per cent in June from 4.8 per cent the month earlier, and rates also increased in Vancouver, Victoria, Abbotsford and Kelowna, with unemployment in the Okanagan city spiking six-tenths of a point to 5.6 per cent.

For the fourth consecutive month, Montreal had a lower unemployment rate than Toronto in June. "Over the same period, total hours worked grew by 1.4 per per cent", it said.

The unemployment rate for the Red Deer region for June was 5.4 per cent, according to Statistics Canada. Thomas jobless rate in June.

The latest report on employment was released a week before the Bank of Canada will decide on interest rate.

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The predictions that Poloz will hike the interest rate, a move that will likely prompt Canada's big banks to raise their prime rates, come even though the economy is facing significant uncertainty.

The number of full-time jobs increased from 31,000 to 31,900, while the region also saw an estimated 200 more part-time jobs. The public sector gained 11,800 jobs and the private sector lost 2,000.

Employment increased in Ontario, Saskatchewan, and Manitoba.

The main reason is "the group's view that Canadian economic data in the second quarter have rebounded from a sluggish beginning to 2018", the MPC says, noting that domestic output has risen since April, the labour market is tightening and the housing market is stabilizing. The figure for aircraft imports more than tripled to $937 million due to the purchase of several airliners from the U.S.

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