Published: Mon, March 12, 2018
Markets | By Rosalie Gross

Slight Increase In Windsor's Unemployment Rate

Slight Increase In Windsor's Unemployment Rate

In Calgary, however, the unemployment rate rose slightly to 7.9 per cent in February from 7.6 per cent in January.

Barrie tied for the third highest rate last month with Saskatoon and Edmonton.

It is now 5.3 per cent, down from 5.9 per cent in January and 6.0 per cent in December.

In a labour force of 39,800, the region saw 38,000 people employed in February.

Labour participation has remained virtually the same since a year ago. In February 2017, it was 59.2%. Despite the increase, London is still well below the provincial average (64.6%) and the national average (65.6%).

More news: Trump voices confidence North Korea won't conduct missile test amid talks

The Canadian economy added 15,400 jobs in February after a big loss in January but full-time positions shrank and wage growth decelerated, prompting analysts to predict the Bank of Canada will be in no rush to raise rates. Separately, data showed USA job growth surged in February, recording its biggest increase in more than 1-1/2 years.

The Agency Statistics Canada reported Friday that the health and social aid increased the number of jobs, while the sectors of wholesale and retail trade the number of vacancies has reduced.

One negative in the report was that the gains in February were driven by part-time employment, which was up 54,700 jobs.

In Southwestern Ontario, the unemployment rate in Kitchener-Waterloo rose to 5.3 per cent from 5.1 per cent in February, despite a drop in the labour force.

Andrew Kelvin, senior rates strategist at TD Securities, noted the loss of full-time jobs and slowing wage growth.

Like this: