Stats Canada labour survey show slight rise in Windsor jobless rate

Mae Love
August 13, 2018

The Canadian dollar is down to $0.7651 cents USA and oil is up $0.45 to $67.26 a barrel.

"While a lot of the attention is going to go to the fact that this was a very large increase in headline employment, it is not almost as strong as that number makes it seem", said Andrew Kelvin, senior rates strategist at TD Securities.

While the nation added 54,000 jobs last month, those gains were led by part-time jobs (+82,000).

After three straight months of climbs, the unemployment rate in western Alberta has dropped.

Canada added 54,000 net jobs in July, pushing the unemployment rate down 0.2 percentage points to 5.8 percent, the government said Friday.

Statistics Canada says the area's unemployment rate increased from 5.8 per cent in June to 6.0 in August.

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In total there were 34,700 who were unemployed in July, up from 34,400 in June.

Porter, however, maintained the national labour market remains robust and wrote there is "easily enough here" to convince the Bank of Canada to keep on track in gradually tightening its key interest rate.

"In the wacky world of Canada's monthly employment numbers, July came up with another head scratcher, with some big headlines but some disappointments in the fine print", CIBC chief economist Avery Shenfeld wrote Friday in a research note to clients.

Overall, the goods-producing sector lost 36,500 jobs in July, with a notable loss of 18,400 positions in manufacturing and a drop of 12,300 in construction.

On a year-over-year basis, employment rose by 245,900 jobs, or 1.3 percent. Employment rose in a number of services-producing industries: educational services; health care and social assistance; information, culture and recreation; and the "other services" industry. The report said the main cause of the drop was due to the fact fewer young people were looking for work.

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