Red Deer area January unemployment rate lowest in Alberta

11 February, 2019, 03:09 | Author: Eric Barnett
  • Economists had expected the addition of 5,000 jobs for the

The rate sat at 5.2 per cent in November and 4.8 in October.

Much of the growth, according to the agency, was led by younger workers.

Employment was up slightly - rising from 61 per cent in December to 61.2 per cent in January - as was the participation rate, which rose from 64.6 per cent to 64.7 per cent during the period.

The statistics show that Camrose-Drumheller has the highest unemployment rate of all the economic regions in the province.

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.

Alberta, hit hard by the oil-price decline, shed jobs for a second-straight month and saw its jobless rate rise to 6.8 per cent, up from 6.4 per cent. The number of self-employed positions, which can include unpaid work, declined by 60,700.


The Canadian dollar jumped more than a quarter of a cent in the moments after Statistics Canada announced the jobs numbers. That's down from 5.2 in December and 5.9 per cent a year earlier.

The census field covering oil and gas, forestry and mining jobs saw 100 jobs added compared to the same period previous year, and 200 jobs lost month-over-month.

Employment was up 0.9 per cent from January 2019 in Quebec.

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".

Sherry Cooper, chief economist for Dominion Lending Centres, wrote in a research note to clients Friday called the increase in the number of people looking for work a sign of strength, even though it has nudged up the unemployment rate.

All told, the nation gained about 67,000 jobs in January, mostly among youth aged 15-24 and in the services-producing industries. The unemployment rate increased 0.2 percentage points to 5.8 per cent as more people looked for work.

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