Sunday, 27 May, 2018

Western Alberta unemployment rate up slightly from July

By	Sheldon Spackman By Sheldon Spackman
Preston Stone | 09 September, 2017, 12:20

The unemployment rate in Saskatchewan fell slightly in August to 6.4 per cent according to numbers from Stats Canada.

The labour force increased by 400 positions locally, raising the employment rate to 72 per cent last month from 71.7 per cent in July. In the a year ago, employers have added 213,000 full-time jobs, compared with 161,000 part-time positions.

On Thursday, the provincial government said it would be organizing a series of job fairs across the province and Canada in coming months to recruit new workers to fill job vacancies.

Gains were recorded in the construction industry, with 200 jobs added. When using U.S. Labor Department methodology, Canada's jobless rate in August was 5.3%.

CIBC senior economist Andrew Grantham echoed that notion.

Australians warned as North Korea threat looms
Under the existing missile pact between the United States and South Korea , Seoul's warheads now face a cap of 500kg. "It would be a suicide note on the part of Kim Jong-un but it would be a complete catastrophe", he said.

"We just have to see whether it continues", Ferley said. The number of full-time jobs dropped by 100 positions. On a year-over-year basis, Canadian employment increased 374,300, or 2.1%, with almost 60% of the new jobs created over the past 12 months of the full-time variety, which tend to offer higher pay and steady benefits. For 15-to-24-year-olds, that figure was 4.8 per cent.

But while the exterior of Friday's jobs report looked good, the monthly data also featured several blemishes. However, there was also a decline of 88,000 people employed in full-time positions. "Therefore, the demand for labour or certain types of labour may not be as strong as one would suspect", she wrote.

Ontario's economy added 31,000 jobs mostly in finance, insurance, real estate, and rental and leasing.

"A hallmark of employment this year has been pretty steady gains and the August report this morning is consistent with that". Year-over-year, Ontario was still the big victor, adding 153,700 jobs since last August, while Newfoundland and Labrador fared worst, losing 14,700 jobs in the past year.

"The unemployment rate fell further.that's something the Bank of Canada will keep an eye on".

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