B.C. a 'curiosity' as province sheds 8000 jobs in June

Cornelia Mascio
Luglio 10, 2018

The highest unemployment rate in B.C last month was recorded in the North Coast-Nechako region, where 7.3 percent of the labour force lacked a job. "Over the same period, total hours worked grew by 1.4 per per cent", it said.

Still, unemployment in this province remains below the six per cent rate set nationally in June - a boost of two basis points from May.

The federal agency said this was despite a net drop of 1,200 jobs from May to June.

Chances of a Bank of Canada interest rate increase at the July 11 announcement climbed to more than 90 percent from 88 percent before the data, the overnight index swaps market indicated.

Despite potential economic hurdles and global tensions, the bank says, "We continue to look for a policy interest rate hike on July 11th".

In addition, in June, Canada added 9100 jobs full-time and 22 700 positions part-time. The number, however, did come down from its nine-year high in May of 3.9 per cent. "Overall employment was little changed in the first six months of 2018, following notable growth in 2017".

More people were employed in construction, natural resources, and manufacturing. The labour force in Northeast B.C. also increased last month, from 41,800 to 42,700.

In a separate report Friday, Statistics Canada said the country's merchandise trade deficit with the world widened in May to almost $2.8 billion.

The May numbers show that imports expanded 1.7 per cent, while exports dipped 0.1 per cent.

Exports declined mostly because of weaker trade on motor vehicles and parts as well as metal ores and non-metallic minerals.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE