Prince George's unemployment rate down year-over-year

11 February, 2019, 03:11 | Author: Brooke Harris
  • Woman looking through a filing cabinet. GETTY IMAGES  Raphye Alexius

"In January, the number of employees increased by 112,000 in the private sector, while it was little changed in the public sector for the third consecutive month".

Total hours worked are up 1.2 per cent over the same period, according to StatsCan, compared to 0.9 per cent in December.

Locally, the number of people listed as employed has gone up from about 20,600 last year to an estimated 21,600 this year.

Canada adds 67K new jobs in January, but unemployment rate rises to 5.8% .

Overall, employment gains were driven entirely by private sector employees while the number of self-employed decreased. "That blew past expectations for a modest 5,000 gain", said Royce Mendes, an economist with CIBC Economics.

The labour force counts residents who are either working or looking for work (unemployed). The numbers are seasonally adjusted.

Quebec City mosque shooter sentenced to 40 years before possibility of parole
However, in the two years since the attack, some in the Muslim community say the outpouring of support has dried up. Superior Court Justice François Huot is set to hand down Friday a sentence for gunman Alexandre Bissonnette.

The economy shed 32,300 goods sector positions, mostly in agriculture and construction.

Stats Canada says the national unemployment rate edged up to 5.8 per cent in January from 5.6 per cent in December.

In Calgary, the unemployment rate was at 7.3% last month, while in Edmonton, it was at 6.4%. Many analysts expect governor Stephen Poloz to wait until much later in 2019 before making a move.

Nationally, the unemployment rate increased slightly to 5.8 per cent, up from 5.6 per cent in December 2018.

More young Canadians, between the ages of 15 and 24 years old, also found work last month as youth employment gained 52,800 positions. 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.

It was the second month of outsized gains in the last three, though economists said mediocre wage growth and the dismal oil and gas sector would hold back any action by the central bank the next time it decides on interest rates on March 6.

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