Capital region employment, labour force shrink, as jobless rate up slightly

Daniel Fowler
November 4, 2018

The decline in the unemployment rate isn't the result of job creation.

Meanwhile, Canada's unemployment rate edged back down to its four-decade low of 5.8 per cent last month as job growth was essentially flat and fewer people searched for work, Statistics Canada said Friday.

Unemployment in the Lethbridge-Medicine Hat region has reached its lowest level since July 2017.

According to Statistics Canada's monthly labour force survey, the nation gained 11,200 jobs last month, coming from an uptick of 33,900 full-time positions and a loss of 22,600 part-time roles.

The jobless rate in B.C. ticked down by a tenth to 4.1 per cent compared to 4.2 per cent in September.

In British Columbia, the jobless rate dropped to 4.1 per cent in October, from 4.2 per cent the month before.

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In Prince Albert and Northern Saskatchewan, which includes numbers in our region, the unemployment rate jumped up to 7.2 per cent from 6.9 this time a year ago.

Those increases in employment were partially offset by population growth.

A year ago at the same time, the unemployment rate was 5.3 per cent. It dropped to an all-time low of 4.7 per cent a month later in August.

But the average hourly wage growth, which is closely watched by the Bank of Canada, continues its decline to 2.19 per cent in October, the weakest reading since September 2017.

Good news on the jobs front in Prince George.

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