Windsor's unemployment rate sees significant drop

Windsor's unemployment rate sees significant drop

Statistics Canada says the local economy was stagnant in January with little change in jobs but an increase in the jobless rate.

Alberta's unemployment rate was at 7 per cent, unchanged from December 2017.

Rocco Rossi, president of the Ontario Chamber of Commerce, said the numbers "reflect the concerns we have heard from businesses for months".

The number of jobs in Canada fell by 88,000 last month to give the labour market its steepest one-month drop in nine years.

On the flip side, 49,000 full-time positions were generated in January. "But the details also looking wonky, with all of the job losses in part-time work".

In total, 560,100 people in the province were employed in January.

It was the largest monthly drop for the province since 2009.

"The numbers that we're seeing this month. are part of a national trend", he told reporters.

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The hike was driven by an increase to the labour force and the number of people claiming unemployment.

When it comes to the Bank of Canada's possible reaction to the January report, Alexander noted the "bad number" could delay the timing of governor Stephen Poloz's next rate hike.

Wage growth also received a boost in January, a month that saw Ontario lift its minimum wage.

Still, despite the job loss of part-time jobs, Ontario's unemployment rate remained at 5.5 per cent in January as fewer people were participating in the labour market.

"The concentration of the job loss in Ontario and the focus upon lost part-time jobs in that province will no doubt feed debate on whether large minimum wage hikes took a toll on employment", Scotiabank's Derek Holt wrote in a note to clients.

The Statscan review also revised London area jobless rates for 2017. Compared with the year before, average hourly wages for permanent employees expanded 3.3 per cent. Pay started to increase late summer and accelerated to as high as 2.8 per cent in November.

It wasn't just Ontario that saw wage growth of more than 3 per cent. Quebec, Alberta and British Columbia recorded increases over that level, with the westernmost province's wages rising almost 4 per cent.

Others didn't expect the January report, on its own, to have a significant impact on the outcome of the Bank of Canada's next rate announcement.

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