Northeast BC unemployment rate dropped almost one percent in June

A new study from the Human Resources Department suggests Ottawa is looking at ways to get people receiving employment insurance to move to other regions with more jobs

A new study from the Human Resources Department suggests Ottawa is looking at ways to get people receiving employment insurance to move to other regions with more jobs

"While Canada's dollar is expected to climb over the coming year, currency strategists in a separate Reuters poll were less bullish than they were a month ago as escalating trade uncertainty competes with expected Bank of Canada interest rate hikes", Reuters reported.

Unemployment in the region was recorded at 7.9 per cent in May.

The unemployment rate for the Red Deer region for June was 5.4 per cent, according to Statistics Canada.

That was slightly higher than analysts' predictions of a 5.8 per cent rate.

Jobs in agriculture dropped 10.8 per cent to 21,400, while the province saw small declines in manufacturing (0.4%) and construction (0.5%).


In the Moncton region, the unemployment rate rose from 6 per cent in May to 6.4 per cent. Following the release of those numbers on July 6, CIBC Capital Markets chief economist Avery Shenfeld said in a research note that the data is "good enough" to encourage the central bank to hike. The public sector has increased its membership by 11 800 jobs, while the private sector lost 2,000 employees. "Overall employment was little changed in the first six months of 2018, following notable growth in 2017". The local labour force increased by 1,800, while the number of people collecting unemployment benefits grew by 600.

Employment increased in Ontario, Saskatchewan, and Manitoba.

Services sectors, meanwhile, lost 14,700 jobs mostly because of big decreases in accommodation and food services positions as well as wholesale and trade. "We're still in a position that the Bank of Canada will tighten in July", said Andrew Kelvin, senior rates strategist at TD Securities.

Higher imports in May of aircraft, other transportation equipment and energy products fuelled most of the increase.

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