Canada's employment falls in May, jobless rate unchanged at 5.8 pct
10 June, 2018, 17:57 | Author: Eric Barnett
The decline in construction jobs also comes as the country's once-hot housing market has cooled in recent months in response to rising interest rates and tighter mortgage rules that came into effect in January. The seasonally adjusted annual rate of housing starts fell to 195,613 units from a revised 216,775 units in April, the Canada Mortgage and Housing Corporation said.
Nationally, the unemployment rate held steady at 5.8%.
Barrie's unemployment rate has been on a slight decline since March.
Northeast B.C.'s unemployment rate was the second-highest of any region in B.C. The lowest rate of unemployment was recorded in the Lower Mainland where only 4.4 percent of the labour force was without work, while the next lowest rate on Vancouver Island was 5.2 percent.
Calgary's unemployment rate went down slightly from 8 per cent to 7.7 per cent according to Statistics Canada on Friday.
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.
The average wage per hour - main rate, which is closely following the Bank of Canada increased by 3.9% compared to the same period past year, the largest annual increase in this indicator since April 2009.
Despite the drop, the city has the fourth highest unemployment rate in Canada.
In Quebec, a drop in full-time work was offset by a gain in part-time to leave the province little changed for the month.
Gains in employment rose by 18,000 in accommodation and food services, driven by growth in British Columbia. Employment in construction fell 13,000 in May. The professional, scientific and technical services sector added 17,000 an transportation and warehousing added 12,000.
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