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Canada's unemployment rate holds steady

11.05.2018 08:16
By: Frank McGwire

Wages are up slightly from a year ago


Brandon, MB (CKLQ) - Wage growth hit its highest level in nearly six years last month.

The economy posted a net loss of 1,100 jobs and an unemployment rate that held steady at 5.8 per cent.

Statistics Canada's latest jobs report shows wages in April were up 3.6 per cent compared with a year ago, the largest increase since October 2012.

The indicator, which is closely monitored by the Bank of Canada ahead of its interest-rate decisions, posted an annual increase of 3.3 per cent in March.

Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. 

It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. 

Here are the jobless rates last month by city (numbers from the previous month in brackets):

     - St. John's, N.L. 8.6 per cent (8.6)

     - Halifax 5.6 (6.0)

     - Moncton, N.B. 5.7 (5.7)

     - Saint John, N.B. 6.5 (6.9)

     - Quebec 3.7 (3.6)

     - Sherbrooke, Que. 5.5 (5.7)

     - Montreal 6.1 (6.1)

     - Ottawa 4.2 (4.9)

     - Kingston, Ont. 4.9 (5.4)

     - Peterborough, Ont. 3.8 (4.8)

     - Toronto 5.9 (5.8)

     - Hamilton, Ont. 5.3 (5.3)

     - St. Catharines-Niagara, Ont. 5.8 (5.6)

     - London, Ont. 5.7 (6.3)

     - Thunder Bay, Ont. 5.1 (5.1)

     - Winnipeg 6.5 (6.3)

     - Regina 5.7 (5.0)

     - Saskatoon 6.7 (6.5)

     - Calgary 8.0 (8.2)

     - Edmonton 6.6 (6.7)

     - Kelowna, B.C. 4.8 (5.2)

     - Abbotsford, B.C. 4.4 (4.0)

     - Vancouver 4.1 (4.0)

     - Victoria 4.2 (4.5)