Unemployment drops in Calgary while national rate remains steady

10 June, 2018, 17:55 | Author: Regina Silva

Alberta's jobless rate also went down from 6.7 per cent to 6.2 per cent.

Ottawa-Gatineau's labour market has been tightening since mid-2017. Since the start of this year alone, local employers have collectively hired 21,300 net new staff.

The average expectation of forecasters was for the country to add just over 22,000 jobs last month. The region's largest employer, the federal government, added 400 positions, while the closely watched tech sector added 300 positions.

"And in some other strong indicators this week, the Bank of Canada should be on track to raise rates next month barring more fallout on the trade front". "All told, there is little in today's report to alter our view that the Bank remains likely to hike its policy rate in July, switching into "hold and assess" mode thereafter", stated TD Economics in a research report. Northeast B.C.'s rate of employment is still the highest of all economic regions of B.C.

Canada shed 7,500 jobs last month on the back on full-time employment, as this was only partially offset by an uptick in part-time employment.

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The loss of jobs came as the health care and social assistance sector lost 24,000 jobs, while the manufacturing sector lost 18,000.

Employment in construction fell for the second consecutive month, decreasing by 13,000 in May.

On the contrary, the service-sector continued to add jobs, with notable gains in accommodation and food services, and professional services. Although 31,000 full time jobs were lost during the month of May, that number was balanced off with an increase in part time job creation.

May had a weaker than expected labour market, according to the latest numbers released Friday from Statistics Canada.

On a year-over-year basis, overall employment was up by 238,000 jobs or 1.3 per cent, due to gains in full-time work.

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