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Sask. tied for 2nd lowest unemployment rate in Canada

10 February 2018

But on the other hand, the agency says the economy generated 49,000 full-time positions last month.

Greater Victoria's labour force swelled to more than 200,000 in January, though that surge in numbers coincided with the region's unemployment rate rising slightly to 3.9 per cent, the second lowest in the country.

Ontario had the biggest jobs decline among the provinces, shedding 50,900 positions on a drop in part-time work.

While that is lower than the national number, the dollar amount of $27.83 in Ontario is higher than for all of Canada at $27.46 for January, said Gordon Song, an analyst with Statistics Canada, in an email.

Nationally, the employment rate rose from 5.8 per cent in December to 5.9 per cent in January.

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It's the largest unemployment decline in a single month since 2009.

"Kathleen Wynne was warned by experts that her overnight minimum wage hike would put our most vulnerable people out of work", Ontario PC economic development critic Monte McNaughton said in a statement.

Some have warned the hike in the minimum wage will cause employers to decrease hiring.

"Quite frankly, we were overdue for a bad number".

The wage improvements in January arrived the same month that saw Ontario take the controversial step of raising its minimum wage. The unemployment rate remains at 5.5 percent.

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After a record-breaking string of gains, Canada's job market was due for a pullback, said James Marple, TD senior economist. Unemployment in Canada is at 5.9 per cent, 3.9 per cent in Victoria and 4.8 per cent in Nanaimo.

"This is a mixed bag for the Bank of Canada because we did see a significant rise in wage inflation ... which might counter the disappointment on the headline jobs count", Shenfeld said. They'll scrutinize incoming data over the next few months to get a better sense of the kind of impact Ontario's minimum-wage increase could have on the provincial job market.

North American wage growth is raising its own concerns, however.

The unemployment rate in Medicine Hat has once again gone up.

On Wall Street, the Dow Jones industrial average rallied in late trading after sinking 500 points midday and surging more than 349 points earlier in the session.

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But the trip could become a source of contention between Seoul and Washington, as she was blacklisted previous year by the U.S. A source from within the Olympic movement told Reuters a delay in delivering the phones had been due to "a misunderstanding".

BMO chief economist Douglas Porter noted it was the first setback for jobs in Canada's job market in 16 months and Ontario was especially hard hit.

Sask. tied for 2nd lowest unemployment rate in Canada