profishingrods.com
profishingrods.com February 21, 2019


B.C. adds 8700 jobs in January amid 'solid' labour market

10 February 2019, 05:42 | Joann Bryant

Montreal unemployment rate drops below Toronto's (again) in January

New Brunswick adds 3,600 jobs in January, pushing unemployment rate down

Canada's largest province added 41,000 jobs and saw 31,000 more people join the labour force.

The biggest boost came from the number of private-sector employee positions, which climbed by 111,500 in January for the category's biggest month-to-month increase since the agency started collecting the data point in 1976.

It's better, he said, to look at the three-month and six-month trends, although he also described those results as solid in recent months.

That increase - 16,000 workers - was driven by younger people, Statistics Canada said.

"Following a quieter month in December", when the economy generated only 9,300 new jobs, January's figures "blew past expectations" commented Royce Mendes of CIBC Economics, for a modest gain of 5,000 to 6,000 jobs.

The national unemployment rate increase by 0.2 per cent to 5.8 per cent in January.

Across the province, the unemployment rate was down slightly from 5.5 per cent to 5.4 per cent - the second-lowest rate in the country, after British Columbia, where the unemployment rate was 4.7 per cent.




However, using the jobless rate to assess the progress of the capital region's workforce over the past decade is a bit of an illusion.

The Bank of Canada has been monitoring wage growth ahead of its interest-rate decisions as it tries to determine how well indebted households can absorb higher borrowing costs.

Alberta lost 15,500 jobs from December to January, with 14,600 of those being full-time, the Statistics Canada data showed.

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

The central bank stayed on the sidelines last month, after five hikes since July 2017, and most analysts expect it to take no action.

"Wages continued to rise in January, with B.C. among the top provinces for year-over-year growth".



Other News

Trending Now

Acting attorney general Matthew Whitaker testifies before House Judiciary Committee
Barr, Trump's pick for attorney general , and the Republican-led Senate is expected to confirm him in coming weeks. The Democrat's "jaw dropped when Acting AG Whitaker told the chairman his 'five minutes is up, '" she reported .

Dozens killed in India after consuming poisonous liquor
Many of the Saharanpur victims were not immediately admitted to hospital as the area was hit by rain and a hailstorm, he said. Additional commissioner (excise) OP Arya said in Kushinagar that hooch was being smuggled from bordering Bihar.

London Zoo tiger killed after being introduced to male for first time
They did manage to put Asim, 7, back in a separate paddock, but by that time Melati, 10, was already dead. The London Zoo said its tiger territory will remain closed while the team focuses on caring for Asim.

Bugatti celebrates 110th anniversary with special-edition Chiron
Up to 1956, about 7,950 vehicles of Types 10 to 252 were produced, of which an estimated 2,000 or so are still in existence. Shortly afterwards, he continued the development of his Type 10 to create the Type 13 - the first official Bugatti model.

PSG hands big boost to Manchester United ahead of Champions League clash
The French giants travel to Old Trafford on Tuesday for the first-leg of their Champions League last-16 tie with United. United are actually going to win, aren't they? If he leaves us at half-time, I'm afraid it's serious. "It's too much.

The Best National Pizza Day Deals
Haley also told USA Today he expects "more restaurants" will begin offering Pancizzas in the week following National Pizza Day. Domino's is also running a contest on social media for National Pizza Day 2019, and the victor will get free pizza for a year.

Turkey building collapse death toll rises to three; 12 rescued
An eight-storey apartment building in Istanbul collapsed on Wednesday leaving at least two people dead, Turkish media reported. Authorities evacuated seven surrounding buildings , and one was under serious risk of collapse. "There were wails, screaming".

Prime Minister Trudeau Under Fire over SNC-Lavalin Claims
Wilson-Raybould was shuffled out of the justice portfolio last month, with Trudeau naming her veterans affairs minister. SNC-Lavalin shares tumbled in October after prosecutors ruled out a negotiated settlement over past corruption charges.

No talks between Trump and Xi before trade deadline
Trump has threatened to raise tariffs from their current 10 percent level to 25 percent at the deadline. However, the purchases don't offset the damage done to the soybean industry since tariffs were imposed.

Sharma claims record as India cruise past New Zealand
New Zealand , on the other hand, would not be happy with their inconsistent batting performances throughout the Indian series. Sharma, who is standing in as captain while Virat Kohli is rested, had demanded greater consistency ahead of the match.