Sask. unemployment rate lowest in four years

by Ben Pena April 8, 2019, 1:26
Sask. unemployment rate lowest in four years

The U.S.economy added 196,000 jobs in March, and the unemployment rate was unchanged at 3.8%, the U.S. Bureau of Labor Statistics reported Friday. Conversely, modest declines in some service sectors, notably health care (-20.0k), business support services (-14.3k) were offset by small gains in other categories, leaving the sector as a whole down 8.8k net positions.

The annualized growth rate for the last three months (January, February, March) compared with the prior three months (October, November, December) was just under 3.0 percent. The jobless rate was flat at 5.8 percent.

Manufacturing employment changed little for the second month in a row (down 6,000 in March, following a gain of 1,000 in February). The unemployment rate held steady at 5.8% as slightly fewer Canadians engaged with labour markets.

By demographic group, there was a drop in the employment-to-population ratio (EPOP) for black workers by 0.3 percentage points to 57.9 percent, the lowest since last April. Construction employment changed little in March, adding 16,000 jobs.

The lowest rate was in the Saint John and St. Stephen region, at 6.6 per cent, down from 7.8 per cent previous year.

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Once activated, the MCAS forced the plane into a dive and ultimately a crash that killed everyone on board, the newspaper said. Federal prosecutors have asked Boeing to clarify their disclosures on the 737 Max's stall-prevention system.

"British Columbia's economy continues to lead the country in growth and opportunity with the biggest job gains in the country, showing we can have strong economic performance while investing in people", said B.C. Jobs Minister Bruce Ralston in a statement. In 2018, employment growth in the United States averaged 223,000 per month.

MA added 20,300 jobs from From February 2018 to February 2019.

"As such, there's nothing here to justify financial markets pricing in the probability of a rate cut by [Bank of Canada governor Stephen] Poloz and company".

A private sector employment report released by payroll data firm Automatic Data Processing on Wednesday also showed a 129,000 gain in March.

In recent months, however, job figures have been more volatile, leading investors to prepare for more disappointing data this month. Bars and restaurants added 27,000.

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