News Worms
News Worms

Unemployment drops again in Victoria, Statistics Canada

Unemployment drops again in Victoria, Statistics Canada

However, other large cities had lower unemployment rates than Montreal in November.

Canada's red-hot job market smashed all expectations in November, adding 80,000 jobs at a time when the experts predicted the economy would be slowing. While Statistics Canada's month-to-month labour force survey data tends to be volatile, the agency said the country had added 390,000 jobs over the 12 months through November, up 2.1 per cent, entirely attributable to 441,400 new full-time jobs.

Despite an encouraging number nationally showing the unemployment rate in Canada was below six percent for the first time since 2008, more people were looking for work in Saskatchewan in November.

Victoria's unemployment rate for the month of November was the lowest in the country at 3.3 per cent, but the news may not be as good as it seems.

Almost all of the net new jobs in November were in the private sector.

Meanwhile, full-time employment recorded another healthy gain in November, up 29,600.

The November employment report indicated average hourly wages rose by a strong 2.8% on a one-year basis, or the third straight month of 2% gains.

"Today's blockbuster employment report raises the risk of an earlier move". StatsCan reported on Friday that the economy grew 0.4 per cent in the third quarter of this year, less than half the 1-per-cent growth seen the quarter before.

November's unemployment rate was the lowest November unemployment rate since comparable statistics started being recorded in 2001. The increase in real gross domestic product was driven by a four per cent expansion, at an annual rate, in household spending.

Statistics Canada also made a downward revision to Canada's real GDP number for the second quarter - dropping it down to an annualized pace of 4.3 per cent compared with its initial reading of 4.5 per cent.


editors' picks

December 03, 2017
Missing Florida teen found safe in NY , officials say
The 2001 red Mercury Sable in which she was riding was spotted by a New York State Police officer who initiated a traffic stop. Authorities say she apparently sneaked out of her bedroom window and had been missing since Saturday.

December 03, 2017
Yankees tab Boone as new manager
Boone told reporters after his interview that he's been preparing for this job "for 44 years". Sources said Carlos Beltran was informed he would not be the manager.

December 03, 2017
Trump "very happy" after Flynn plea: "There's been absolutely no collusion".
The president added that "no collusion" has been shown and reiterated, "There's been absolutely no collusion so we're very happy". A plea agreement suggests that Flynn provided information to prosecutors beneficial to Mueller's investigation.

December 02, 2017
Pakistan PM departs for SCO summit in Russian Federation
Pakistan has been an observer with the SCO since 2005 and applied for its full membership in 2010. The SCO Summit is also being attended by Pakistan's Prime Minister Shahid Khaqan Abbasi.

December 02, 2017
Central Texas lawmaker paid $84K to settle sexual harassment claim
In total, the fund paid for settlements related to six claims against House members' offices during that time. He also repeated an earlier statement that he "adamantly denies that he engaged in any wrongdoing".

December 02, 2017
England's World Cup odds cut after draw
England have not won a major worldwide football tournament since the late Bobby Moore lifted the 1966 World Cup on home soil. We know it's probably the best side Belgium has ever had, and we know the quality they have.

December 02, 2017
She Saved My Life
I've learned so much from Selena growing up in our friendship". 2017 has been one hell of a year for Selena Gomez . Francia gushed to Billboard Online: "I'm really honoured to do this for her tonight.

December 02, 2017
Starting December with mild weather
Temperatures will also be much cooler! TONIGHT: Rain showers and cloud cover will decrease tonight , with a low of 34 degrees. For those walking to the game, the sky will be partly sunny; afternoon temperatures should be in the 60s.

December 02, 2017
Ole Miss football will get infractions ruling on Friday, per report
The Rebels were accused of 15 Level I violations, including lack of institutional control, under former coach Hugh Freeze . As part of self-imposed sanctions, the university already cut 11 scholarships over a four-year period from 2015 to 2018.

December 01, 2017
Turkey's DenizBank says it did not collaborate with Turkish-Iranian businessman Zarrab
A lawyer for Atilla attacked Zarrab's credibility Tuesday during opening statements, saying the trial is about Zarrab's crimes. Officials there have called it a charade aimed at discrediting Erdogan's government.