Western Alberta unemployment rate unchanged in October

Western Alberta unemployment rate unchanged in October

The October report was "underwhelming", Fannie Mae Chief Economist Doug Duncan said in a press release.

The unemployment rate rose from a postcrisis low, but that was due to more young people searching for work.

While job creation showed a rebound from hurricane season, the October result didn't meet analysts' expectations that the report would easily top 300,000 jobs. And even with the 90,000 upward revisions in the hurricane-affected months, the average monthly job gain for the last three months came in at 162,000-a slowdown from the year-to-date monthly average gain through July of 171,000.

The falling jobless rate is likely to sharpen the debate among Federal Reserve policymakers, who appear set to raise the benchmark interest rate next month despite stubbornly low inflation.

Total nonfarm employment increased by 261,000 in October, while September's data was revised to a gain of 18,000 jobs from a loss of 33,000. The increase in jobs in August was raised to 208,000 from 169,000.

More news: Jahlil Okafor Wants Out Of Philadelphia

The unemployment rate in western Alberta held steady at 5.8 per cent last month. "But this report doesn't show any relief from pretty anemic wage growth".

The US unemployment rate fell to its lowest level in almost 17 years in October while job creation resumed climbing after the two late-summer hurricanes, the Labor Department reported Friday.

Among major Canadian cities, only Calgary and Edmonton had higher unemployment rates, at 8.3 and 8.2 per cent respectively.

It defines that group of people: "Discouraged workers are persons not now looking for work because they believe no jobs are available for them".

Since the beginning of 2017, the unemployment rate has declined by 0.7 percentage point, and the number of unemployed persons has decreased by 1.1 million.

Related Articles

  • Injury hell left Arsenal star Santi Cazorla fearing loss of right leg

    Injury hell left Arsenal star Santi Cazorla fearing loss of right leg

    A Euro 2008 and 2012 victor with Spain , Cazorla says Arsenal and his former Spain national teammates have been very supportive. After a number of antibiotic treatments his condition improved, however there were fears that he could lose his leg.
    Broadcom believed to be eyeing deal for chip maker Qualcomm

    Broadcom believed to be eyeing deal for chip maker Qualcomm

    The two companies are already among the top ten providers of chips ranked by revenue in an industry that's consolidating rapidly. Qualcomm's shares shot up almost 13 percent in midday trading today after the report, for a valuation of about $92 billion.
    China vetoes United Nations  move on Azhar

    China vetoes United Nations move on Azhar

    Jaish-e-Mohammad has already been blacklisted by the 15-nation Security Council, but its chief has not. The committee is yet to reach the consensus. "But there is still absence of consensus on this matter".
  • Channing Tatum's dad didn't know he was a stripper

    Channing Tatum's dad didn't know he was a stripper

    Channing Tatum , who was guest-hosting Jimmy Kimmel Live, also pulled the beloved prank on his 4-year-old daughter, Everly . As expected, Kimmel told his daughter he ate all her Halloween candy . "What?! Uh-oh.
    Chris Hughton: 'Brighton & Hove Albion tried to sign Tammy Abraham in summer'

    Chris Hughton: 'Brighton & Hove Albion tried to sign Tammy Abraham in summer'

    He said the England U21 striker, who turned down a chance to play for the Super Eagles, deserves his chance with the Three Lions. Abraham is now on loan at Swansea City , from Premier League champions, Chelsea .
    Strangers on a Plane: Delta Passengers Arrested for Mid-Flight Tryst

    Strangers on a Plane: Delta Passengers Arrested for Mid-Flight Tryst

    TWO plane passengers have been arrested after a woman performed a sex act on the man sitting next to her during a flight. A spokesman for the McCarran International Airport told News 3 that the passengers "just couldn't control themselves".
  • After quitting Trinamool Congress, Mukul Roy joins BJP

    After quitting Trinamool Congress, Mukul Roy joins BJP

    He fell out with Mamta following differences over the growing influence of her nephew Abhishek Banerjee within the party. Mr Roy is one of the founding members of TMC, which he quit recently, after being sidelined.
    World leaders join in support of USA  after deadly NYC terror attack

    World leaders join in support of USA after deadly NYC terror attack

    While a military judge said Trump's comments were "disturbing", he did not feel it necessary to dismiss the case. The one-two developments marked a sharp disconnect between the president and his administration.
    Tesla has bad news if you're waiting for a Model 3

    Tesla has bad news if you're waiting for a Model 3

    The problems could also worry the over 500,000 customers who have put down a refundable deposit on the vehicle . FILE PHOTO: A Tesla charging station is seen in Salt Lake City, Utah, U.S. on September 28, 2017.
  • Geraldo: Brazile's Revelations Are 'Nail in the Coffin' for the Clinton Era

    Geraldo: Brazile's Revelations Are 'Nail in the Coffin' for the Clinton Era

    Bernie Sanders' surprisingly effective campaign revealed the weakness of Hillary Clinton as a candidate. Even press releases had to be approved by Clinton's Brooklyn-based campaign headquarters.
    Xbox One X doesn't forget about 1440p gamers

    Xbox One X doesn't forget about 1440p gamers

    And, if you have a 1080p screen, then it supersample games, i.e. render them at a higher resolution before dropping back to 1080p. On the other hand, games that output at 1440p will be supersampled down to 1080p when the console is connected to a FHD display.
    Wenger backs England recall for Wilshere

    Wenger backs England recall for Wilshere

    The Gunners boss said: "We are all very pleased for him here because he has gone through some very hard moments with setback". Wilshere has not played for England since the defeat by Iceland at the European Championships a year ago .