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Western Alberta unemployment rate unchanged in October

04 November 2017

It's the highest unemployment rate recorded in the Montreal region since April.

The strength in the jobs market provides further impetus for the Fed... Information, culture and recreation industries added 15,300 jobs.

October's advance marked the 11th straight month of job gains, which is the longest streak in over a decade. The leisure and hospitality sector added 106,000 jobs after losing 102,000 in September.

Unemployment was 6.7 per cent during the month, up from 6.5 per cent in September.

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2,100 more people claimed unemployment.

More employers say positions are increasingly hard to fill amid a scarcity of skilled workers. Still it is the second time since July that nonbank mortgage employment was down from the previous month. Part-time employment fell 53,400 in October.

Since January of this year, unemployment in the United States has decreased by seven tenths of a percentage point.

At the same time Friday, the USA released its October employment report, which indicated nonfarm payrolls rose by a seasonally adjusted 261,000. When using U.S. Labor Department methodology, Canada's jobless rate in October was 5.2%. "Looking through the hurricane-created volatility, job growth is robust".

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The October report was "underwhelming", Fannie Mae Chief Economist Doug Duncan said in a press release.

But economists said the hurricanes distorted wage calculations, with average compensation rising in September because fewer hourly laborers were able to work, and then falling as they returned to their jobs.

The unemployment rate rose as 800 people were added to the labour force while 1,300 jobs were lost.

Additionally, wages rose from the same time past year by 2.4 percent but slowed somewhat from last month.

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Almost all of the net new hiring was done at firms and organizations, as their payrolls rose 34,500, while the ranks of the self-employed - who tend to be independent contractors that aren't necessarily paid on a regular schedule - edged slightly upward.

Western Alberta unemployment rate unchanged in October