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Alberta jobless rise despite growth (9:50 a.m.)
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edmontonjournal.com, CP- n3 I% w( v8 A1 _' M
Published: Friday, September 08, 2006
# I9 W8 d, F4 _4 U% vAlberta’s jobless rate took a jump last month even though the province continues to lead the nation in job creation, Statistics Canada reported today. p5 r/ I" H) W' Z$ D/ M- q3 ~
3 c! U2 U A1 R% {* d( ~5 [; BThe province’s unemployment rate rose to 4.2 per cent in August from 3.6 per cent in July but still remains among the lowest jobless levels in the country.* T. q5 v, U7 s8 A& Z
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Edmonton’s jobless rate rose to 4.3 per cent in August from 3.8 per cent in July while Calgary’s dipped slightly to 3.6 per cent from 3.7.
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8 y% C' f+ z3 A3 RAlberta continued to drive much of the country’s job growth as the oil industry produced 8,000 new jobs in August, Statistic Canada says.( B `: w7 g4 _
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But the number of new jobs hasn’t kept up with the number of people streaming into the province looking for work.1 l: B) K8 e* ` O
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Although Alberta accounts for only one-tenth of the country’s workforce, the province has generated close to 40 per cent of all new jobs in the country this year, Statistics Canada noted in its report.
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Canada’s jobless rate rose to 6.5 per cent in August from 6.4 per cent in July, moving up further from May’s record job statistics that many economists believe were suspect.
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, J+ F( H) T9 R3 ^# v8 t/ hIn August, 16,000 jobs were shaved from the national workforce as the number of part-time positions lost outpaced growth in full-time work. Central Canada continued to see its manufacturing base erode.
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While Quebec and Ontario have seen their manufacturing heartlands pummeled, both provinces posted job gains in the services sector.
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/ e% y4 p N) N! ^( R0 ^# CCanadian workers continue to benefit from higher wages. Salaries were 3.7 per cent higher last month, compared with a year ago.
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This is more than one percentage point higher than the national inflation rate. But for most economists this is not causing concern about inflation because the national wage numbers are largely driven by spiralling salaries in Alberta.
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# d) D3 c; ~# ?* g( X# jEconomists said the Bank of Canada is likely to hold the line on interest rates for the rest of 2006 as the economy cools from its pace earlier this year.
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Unemployment rates of Canadian cities in August (with July’s rate in brackets.):
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m0 Z( F& g7 P }, j2 U0 _2 ^- |Edmonton 4.3 (3.8)0 u( U' o% ?" O4 R' _! C8 j
Calgary 3.6 (3.7)
# v+ v3 K) I, `/ @, h" LSt. John’s, N.L. 8.0 (7.9)
' ~! S. P1 U% a) b8 hHalifax 5.3 (5.2)
6 t% g% v( Q4 n k" O7 vSaint John, N.B. 6.4 (6.3)7 r* o+ U& G# s2 t0 o. ~) ~1 }* L% V
Saguenay, Que. 9.3 (9.3)9 z+ X4 Q- }, G% C# D5 Q9 V
Quebec 4.6 (4.5)0 f; s ~. R; P7 U- T
Trois-Rivieres, Que. 8.1 (8.0)
6 e! n, F( ^8 K- B _Sherbrooke, Que. 7.9 (7.9)
/ q! Z4 A4 q n' AMontreal 8.3 (8.2)( r6 ^# V2 \+ j& w
Gatineau, Que. 4.5 (5.2)
; i; p! Q$ }; gOttawa 4.9 (4.8)
7 E. L# H! L+ f6 x3 }/ l" S- ?. `& wKingston, Ont. 6.9 (7.3)+ o7 Z4 h- b0 m4 k+ Y- b4 H
Toronto 6.3 (6.2)6 `* v/ P2 x- w" Y
Hamilton 6.1 (5.6)0 J% R3 p5 O. p9 i
Kitchener, Ont. 4.9 (4.8)
6 k0 d' e( Z8 m. O- CLondon, Ont. 7.0 (6.1)
1 i% X" d, O3 v2 d2 Y: Q! T9 N% G. ?Oshawa, Ont. 6.4 (6.4)
: z% y# U8 I# `# `7 [5 KSt. Catharines-Niagara, Ont. 6.0 (5.8): w4 M: y- V/ P/ x* R, D) p9 m
Sudbury, Ont. 7.4 (6.5)% B* l& U/ u$ O) b
Thunder Bay, Ont. 8.3 (7.9)7 S' W3 u+ ~5 O: h7 X" ~6 Z
Windsor, Ont. 8.6 (8.6)
- V8 b; O! T0 X& uWinnipeg 4.3 (4.2)
7 k( k/ J# t' G E8 TRegina 4.9 (5.1) E9 j5 u& K% h, h, `; y# R @
Saskatoon 4.9 (4.9)
; o3 ?3 Y& B" Y6 I8 z. ]2 rAbbotsford, B.C. 3.9 (4.9)
( J7 x" ~6 m! `% Q3 e% O( |Vancouver 3.9 (4.1)
3 D( T: e" R. \! F: K& V( U1 qVictoria 3.0 (3.5) |
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