London jobless rate declines in June amid shrinking labour force

By The Canadian Press	
		Unemployment Rates		Statistics Canada says economy lost 2,200 jobs in June				Jul 05 2019

By The Canadian Press Unemployment Rates Statistics Canada says economy lost 2,200 jobs in June Jul 05 2019

That pushed up the rate from last month's 5.1 per cent, the lowest in more than a decade.

This pushed the unemployment rate down one tick from 5.2 to 5.1 per cent as the participation rate, which represents those either working or actively looking for work, rose from 68.8 per cent to 69.

"The details of June were a bit more encouraging with a (24,000) climb in full-time employment and the weakness concentrated in 'self employment, ' as paid jobs gains a hefty (39,000)".

Wage gains accelerated to the fastest in more than a year.The fact the labor market hasn't pulled back should bolster confidence in the sustainability of the current economic rebound and ease pressure on the Bank of Canada to cut interest rates, even if other central banks ease policy.

"This increase was widespread across several industries, led by natural resources, transportation and warehousing, construction, and public administration", Patterson said in an email.

The participation rate is the share of the population aged 15 or older who are either employed or available and actively searching for work.

Provincially, the jobless rate increased by 0.2 percentage points to 5.4 per cent. Employment in the province was up by 10,400 positions in June and by 29,500 jobs from a year ago.

"On a year-over-year basis, employment was up by 421,000 or 2.3%".

The province added about 2,500 new jobs from May to June. Employment among 20- to 24-year-old students edged up in June compared with 12 months earlier. The economy has added 247,500 jobs since the end of past year - the bulk of them full-time - which is the strongest since 2002 and the second-best first-half employment gain in four decades.

He said more people are working today in Saskatchewan than ever been with almost 593,000 jobs. Full-time and part-time work rose by 700 and 1,700, respectively.

The unemployment rate in the CMA held steady at seven per cent, the same as in May. At the same time, their employment rate was little changed at 55 per cent.

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