Edmonton's unemployment rate dips slightly in February: StatsCan

Faith Castro
March 10, 2018

For the province, the unemployment rate was 5.6 per cent in February.

The department reported that Ohio's unemployment rate was 4.7% in January, down from a revised 4.9% in December 2017.

Labour participation has remained virtually the same since a year ago. Poor economists considered and data on wage growth, as the growth rate decreased from 3.3% in January to 3.1% in February.

OTTAWA-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.

Statistics Canada's latest labour force survey also says the job gains in February were driven by an increase of 50,300 in public-sector jobs.

Provincially, B.C. unemployment sat at 4.9 per cent in February as full-time job declines were offset by part-time increases, according to Stats Canada.

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In January, Ohio employment in goods-producing industries, at 921,500, increased 1,300 over the month; gains in construction (+2,600) and mining/logging (+100) outweighed losses in manufacturing (-1,400).

Another worrying sign for the Canadian economy is that job growth was concentrated in lower-paying service occupations, which added 25,900 jobs.

The central bank said more interest rate hikes will likely be necessary over time despite mounting protectionist and competitiveness uncertainties that have clouded the economic outlook.

Economist Doug porter, drew attention to the fact that for the first six months number of job offers full-time declined by almost 40 000 jobs and vacancies part-time has increased by 54 700.

Last month's job growth, while small enough to be statistically insignificant, represents an improvement over the January report that showed a drop of 88,000 positions for the labour force's steepest one-month drop in nine years.

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