Unemployment rate increases in Windsor

CANADIAN UNEMPLOYMENT

In October previous year, Victoria's unemployment rate was 3.9%. The unemployment rate in B.C.is again the lowest in the country at 4.7%.

The local economy overall added 9,700 net new jobs in October for a total just shy of 800,000, while the size of the labour force, which includes people looking for work, increased by a relatively modest 8,900 to almost 835,000, according to a Statistics Canada report published Friday.

"We, however, don't put too much stock in the above-4 per cent wage reading, given that it's coming off of a strangely slow year last year and tends to be very volatile", he said in a note.

Canada lost 1,800 jobs in October after robust job growth over the previous two months, data from Statistics Canada showed. The province created 15,300 jobs, more than any other province - the vast majority being full-time jobs. The unemployment rate held steady at 5.5 per cent.

Canada lost 16,100 full-time positions last month, but gained 14,300 part-time jobs.


"After a couple of months of outsized gains, Canada's labour market didn't get the job done in October", he said, predicting a further slowdown in employment growth ahead.

Economists on average expected the economy to add a total of 15,900 jobs and an unemployment rate of 5.5 per cent, according to financial markets data firm Refinitiv.

One of the industry sectors that slipped in October was professional services, where employment contracted by 2,000.

Employment in public administration jumped by about 20,000 in October, though temporary hiring related to the federal election likely masked what would have otherwise been a steeper overall job loss.

"We also recently announced the addition of an Export Navigator adviser dedicated to helping Indigenous small businesses around the province grow by reaching new markets".

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