Economy

Red Deer unemployment rate rises in August

Red Deer unemployment rate rises in August

Statistics Canada says the jobless rate in Windsor climbed to 7.5 per cent in August.

Numbers released Friday morning by Statistics Canada shows our region's jobless rate reached 6.7 per cent in August, up from 5.6 in July.

Windsor's rate is now tenth highest among 34 larger Canadian cities.

Meanwhile, the Canadian economy lost 51,600 net jobs last month in a decrease that drove up the unemployment rate and essentially wiped out the big gain in July. It was six per cent in July, as well as August 2017.

The province lost 1,700 full-time jobs but gained 700 part-time ones.

The loss of jobs almost wiped out the gains made across the country in July when employment positions increased by 54,100.

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The drop last month was fuelled by a loss of 92,000 part-time positions.

On a year-over-year basis, employment rose by 172,00 jobs, or 0.9 percent.

The downbeat data came a day after by hawkish comments from a senior Bank of Canada official, capping a week in which the central bank left interest rates unchanged at 1.50 percent and said more increases are needed.

Compared with 12 months earlier, Canada's overall employment was up 0.9 per cent following the addition of 171,700 jobs, including 326,100 full-time positions.

The services sector shed 21,200 jobs in August after shedding 22,100 positions in professional, scientific and technical services.


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