Published: Sun, October 13, 2019
Markets | By Otis Pena

Western Alberta unemployment rate increases to 5.9 per cent

Western Alberta unemployment rate increases to 5.9 per cent

"While you could find some blemishes if you dug hard enough (the drop in private-sector jobs made up for by self-employment), for all intents and purposes this was a great report, especially following last month's barnburner".

Year-over-year, the unemployment rate is up from September 2018, when it sat at 5.6%.

In Friday's jobs report the agency said the number of people looking for work increased but the unemployment rate still fell because of robust job creation.

Alberta's overall unemployment rate, meanwhile dipped to 6.6 per cent from 7.2 per cent in August.

However, much of the employment growth was concentrated in Ontario, where employment rose by 41,000 in September - mostly in full-time work.

Growth in average hourly wages rose to 4.3 per cent year over year, up from 3.7 per cent in August.

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Police say they saw evidence of gambling such as cards and dice at the location, but did not see evidence of alcohol consumption. Shea said that among the victims, two were from "out of state" and the remaining five resided in different areas of Brooklyn.

"Canada's labour market has really been on a tear over the a year ago - job growth has been very strong", said Josh Nye, senior economist with RBC Economics.

Statistics Canada's monthly Labour Force Survey, released Friday, said the employment growth was led by big gains in health care and in the hotels-and-restaurants sector.

This is the third straight month the rate increased.

BMO chief economist Doug Porter said that despite the rock-solid growth in job numbers over the last year, the broader economy remains lacklustre with year-over-year GDP growth crawling along at 1.3 per cent.

The strong print will only reaffirm Bank of Canada expectations that the economy has developed a certain amount of resilience to trade headwinds and global economic uncertainties, giving it ammunition to buck the global trend of lower interest rates.

Canada posted another surprisingly strong month of job gains in a labour market that is on track for one of its best years on record.

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