Economy

Another jump in jobless rate

Another jump in jobless rate

Saskatchewan's employment rate is up, according to the latest seasonally adjusted numbers from Statistics Canada.

The national unemployment rate held steady, as expected, at 5.7 per cent in August, while wages for permanent employees increased 3.8 per cent year-over-year.

Nationally the unemployment rate remained unchanged at 5.7 per cent.

The jobless rate dropped a notch to 4.7 per cent from 4.8 per cent, despite the addition of 13,100 net new jobs, Statistics Canada reported Friday.

By province, the biggest employment increases were in Ontario and Quebec, while Manitoba, Saskatchewan and New Brunswick saw smaller gains.

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Business, building and other support services was the lone industry with fewer people employed in August, dropping by 22,000, which StatsCan says was "mostly the result of declines" in Ontario and B.C. It also increased by 2,800 over July of 2019.

Even with the job growth, however, area employers report they have trouble filling positions, including jobs in the skilled trades, according the Workforce Planning Board of Grand Erie, which is holding a number of "appreciation events" this month to celebrate trades and launching a survey seeking input from businesses that employ trades and from tradespeople.

Additionally, after two months of little change, Canada saw a growth of 17,000 in professional, scientific, and technical services in August, primarily in B.C. Year-over-year gains are 109,000 (7.4 per cent), making this the fastest growing sector in the country. The Canadian dollar strengthened to a one-month high at 1.3179 to the dollar, or 75.88 cents US, after the jobs gain.

On a year-over-year basis, the province has created 250,000 jobs, a 3.5 per cent increase. The number of summer students, who planned to return to school after working between May and August, rose five per cent compared with 2018.


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