Windsor's unemployment rate rises in April

Windsor's unemployment rate rises in April

A welder works in a factory in Quebec City.

April saw the biggest climb in wage growth in almost six years.

The indicator, which is closely monitored by the Bank of Canada ahead of its interest-rate decisions, has been creeping upwards.

According to data released by Stats Canada on Friday, the unemployment rate in Northeast B.C. sat at 6.3 percent in April, up from 5.7 percent in March. That's the biggest increase since the fall of 2012, when soaring oil prices fuelled a labour shortage and spike in wages in Alberta. It's even with Wood Buffalo-Cold Lake, but higher than Camrose-Drumheller (four per cent, a slight increase), Banff-Jasper-Rocky Mountain House/Athabasca-Grande Prairie-Peace River (rising to 5.9 per cent), and Red Deer (5.1 per cent, slightly higher).

Wage growth grew faster than expected, by 3.3%.

Excluding Ontario, Canada's most populated province, average hourly earnings were up 3.1 per cent.


In the 12 months leading up to April, total hours worked were up 1.9 per cent.

The agency said the decline of 1,100 jobs was well short of economists' forecasts for an increase of 17,400.

Nationally, unemployment remained unchanged at 5.8 per cent, with 18.6 million Canadians employed last month. Last month, wages were up 3.2%. "But it's just one thing that goes into the mix". Thomas jobless rate has fallen below six per cent for the first time since last fall.

The bank's next policy decision is scheduled for May 30, although many analysts predict governor Stephen Poloz will wait until the bank's July meeting before raising the rate.

The agency said the economy produced 28,800 full-time jobs last month and shed 30,000 part-time positions.

The construction industry increased by 100 positions from March, however this is also 700 fewer jobs compared to April 2017. Before that, the last time the rate was that low was in October, 2007.

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