Alberta loses 18,000 jobs in November: StatsCan

Alberta loses 18,000 jobs in November: StatsCan

That lifted job growth well above its monthly average of 180,000 this year. The economy grew at a 2.1% annual rate in the July-September quarter, and the annual pace is thought to be slowing to roughly 1.5% to 2% in the final three months of the year - sluggish but not recessionary.

The latest numbers show a turnaround of sorts for the local labour market which, after a strong 2018 that saw London match its lowest-ever unemployment rate, had a slowdown that included six straight months of job losses.

"At the margin it is convincing evidence that we may be at a weakening spot in the labour market", he said. She explained the region saw increased gains in food services, which generally hires part-time employees more often. On Thursday, Bank of Canada Deputy Governor Timothy Lane said Canada's strong labour market, particularly in the service sector, has been underpinning the economy, and data was suggesting the jobs market was tightening.

Economists have forecast that the government will report that employers remained confident enough to add a solid 187,000 jobs, according to data provider FactSet. Manufacturing has been weak globally this year.

Nye on retail: "The decline in retail employment was quite small and I wouldn't read too much into it. Looking ahead to next year we are forecasting there to be some modest growth".

Manufacturing employment has slowed, and in October employers cut jobs in the sector by the highest number in a decade.
This was the country's biggest one-month jump since 2009. The previous month saw a decline of 43,000 jobs in manufacturing, also likely due to the strike. Employment in British Columbia also fell by 18,000 in November. Obviously those industries tend to hire more short-term temporary work and you tend to see the effects a lot quicker in response to changes in the weather.

Nye: "It's both Quebec and Ontario that are seeing that weakness in manufacturing over the last two months".

Employment was down for men between the ages of 25 to 54 and women aged 55 and over.

BNN Bloomberg Commentator Andrew McCreath takes a look at the Canadian jobs report, and why the significant losses will put pressure on Stephen Poloz and the BoC at the next interest rate meeting.

The other three Atlantic Provinces are at about eight per cent and Alberta has climbed to 7.2 percent. Sales of existing homes have risen almost 5% in the past year.

Kudlow, President Donald Trump's chief economic policy adviser, also said US and Chinese negotiators are close to a trade deal that would end a conflict that's been running for more than a year. "While supply adjustments continue, the province-wide conditions continue to favour the buyer, weighing on prices".

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