Economy

Montreal unemployment rate drops below Toronto's (again) in January

Montreal unemployment rate drops below Toronto's (again) in January

The rate sat at 5.2 per cent in November and 4.8 in October.

The census field covering oil and gas, forestry and mining jobs saw 100 jobs added compared to the same period previous year, and 200 jobs lost month-over-month.

Capital Economics also thinks the surprising job gains won't change the Bank of Canada's mind.

The region with the lowest rate in Alberta is Red Deer at 4.4 per cent while the province's overall is 6.8.

The participation rate - the percentage of working age people employed or actively looking for work - in the Montreal region was 66.6 per cent in January, down from 66.8 per cent the month before and from 67.9 in January 2018. The unemployment rate continued to hover at about 5.5 per cent. Year-over-year, Saskatchewan gained 7,700 jobs. This article is strictly for informational purposes only. One year ago, the region's unemployment rate was 6.6 per cent. "That blew past expectations for a modest 5,000 gain", said Royce Mendes, an economist with CIBC Economics.

All-Star J.T. Realmuto traded from Marlins to Philadelphia for 3 players
Realmuto #11 of the Miami Marlins in action against the New York Yankees at Marlins Park on August 21, 2018 in Miami, Florida. He still, however, remains a plus defensive catcher with excellent speed for the position (12 stolen bases in 2016).

Across Canada, the unemployment was for January 2019 was highest in Newfoundland and Labrador, at 11.4%.

The Alberta rate rose from 6.4 per cent in December to 6.8 last month after almost 16,000 jobs were lost.

She said the struggles of energy-producing provinces, which began with the late-2014 oil slump, have been a big factor that has dragged down national wage-growth numbers.

Friday's Statistics Canada numbers also showed that employees worked 1.2 per cent more hours, year-over-year, compared to the 0.9 per cent reading in December.

Gains were split between 30,000 thousand full-time and 36,000 part-time positions. The unemployment rate increased 0.2 percentage points to 5.8 per cent as more people looked for work. 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.


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