Red Deer area January unemployment rate lowest in Alberta

Lloyd Doyle
February 11, 2019

"B.C.'s unemployment rate remained the lowest in Canada - for the 1th month in a row - at 4.7%".

In B.C., Stats Canada says the unemployment rate climbed three-tenths to 4.7 per cent in January, still the lowest of any Canadian province.

"The annual increase in average hourly earnings did rise to 1.8 per cent in January from 1.5 per cent in December though it is still indicative of flat real wage growth".

The only region that saw a increase since last January was the Campbellton-Miramichi, where unemployment rose from to 14.7 per cent from 13.2.

Economists had expected the addition of 8,000 jobs for the month and an unemployment rate of 5.7 per cent, according to Thomson Reuters Eikon.

The unemployment rate dropped to 8.2 per cent in January from 8.4 per cent in December. There were 200 fewer jobs in January but from a year ago employment in the region was higher by 33,800 positions. The number of self-employed workers fell by 61,000 last month. The trend of more people entering the workforce and either working or looking for a job also continued, with the labour force increasing from 22,500 to 23,700.


"The wild ride continues for Canadian employment readings".

The country saw a rush of 66,800 net new jobs in January in a gain fuelled by a hiring surge in the private sector, Statistics Canada said Friday.

In a note to clients Friday, CIBC Chief Economist Royce Mendes wrote the latest job readings were "a auto stuck on one of Canada's clogged highways: speeding up then slowing down just to speed back up again".

"There had been some risk going into the report that a big print was coming, given that the survey had lagged the job gains seen in the more reliable payrolls report over the past year".

By region, Ontario and Quebec had the biggest employment increases last month.

He credited recent job gains drawing people back in as for why the participation rate is running at its highest level since 2017.

Other reports by Iphone Fresh

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