Published: Sun, January 06, 2019
Markets | By Otis Pena

Windsor unemployment falls below national jobless rate

Windsor unemployment falls below national jobless rate

According to new numbers released by Statistics Canada on Friday, Barrie's unemployment rate dropped by 0.2 per cent, falling from the five-per-cent rate recorded in November.

Stats Can reports the jobless rate stayed at 5.6 per cent in December after dropping down the previous month.

The national jobless rate is the lowest its been since data was first collected in 1976.

Statistics Canada says gains in part-time work were outweighed by the loss of full-time jobs in Alberta, while in Saskatchewan job growth was led by agriculture.

Nationwide, manufacturing and transportation industry jobs saw gains in employment.

The Bank of Canada has been monitoring wage growth ahead of its interest-rate decisions as it tries to determine how well indebted households can absorb higher borrowing costs.

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The positive data nevertheless contained signs of weakness in the Canadian economy, with economist noting that all new job growth was attributable to self-employment, and that there were fewer full-time jobs than the month before.

Average hourly wage growth for all employees accelerated to just under two per cent last month - only slightly above the latest core inflation reading.

"Employment held steady in December", Statistics Canada said in a statement. This follows a net gain of 5,500 positions in November, which knocked the unemployment rate down by 0.7 points.

The Alberta side's rate continues to be higher than the provincial rate of unemployment which ended the year at 6.4 per cent.

In 2018, employment for women aged 25 to 54 grew by 125,600 positions or 2.2 per cent, compared to an increase of 60,600 jobs or one per cent for men in the same age category.

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