Kamloops unemployment rate almost the same year-over-year

Kamloops unemployment rate almost the same year-over-year

Provincially, nearly 32,000 positions were added over 12 months in goods producing sectors, with the respective oilpatch and manufacturing sectors each posting a yearly gains of 13,000 positions, or about 10 per cent.

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

The unemployment rate was unchanged at 5.8 percent, as expected.

But Calgary still has a long way to go to match Edmonton's 6.6 per cent or Toronto's 5.9 per cent.

Provincially, B.C. had the lowest unemployment rate in Canada at 5 per cent and nationally, it remained at 5.8 per cent for the third consecutive month. The next scheduled rate announcement is May 30.

He noted the wage growth numbers received a boost from Ontario's minimum wage increase in January. Numbers released Friday show the average hourly wage last month was 3.6 per cent higher than it was one year ago.

Overall, the decline in jobs last month was so small the federal agency did not consider it statistically significant. In March, employment was 72.4 per cent while it was 68.9 per cent in April 2017.

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

By industry, the construction sector lost 18,900 jobs, while the trade sector, which includes retail and wholesale jobs, shed 22,100.

The youth unemployment rate increased in April to 11.1% following a net gain of 17,700 new jobs.

Accommodation and food services saw 200 more jobs from March and no change from April 2017. On a year-over-year basis, employment in the province rose by 133,000 or 1.9 per cent, all in full-time work.



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