BC loses 12000 jobs in May


Barrie's unemployment rate dropped in May, but remains one of the highest in the country.

Unemployment in the region has risen sharply from the beginning of 2018, when the rate was recorded at 3.8 per cent, with just 1,500 unemployed - right on Stats Canada's threshold where so few are unemployed the agency can't release the data because of confidentiality reasons.

But Statistics Canada says, overall, the economy lost 75-hundred jobs last month as full-time positions fell by 31-thousand and the loss was only partially offset by gains in part-time work.

Overall, Canada's unemployment rate is unchanged for the fourth consecutive month, at 5.8%.

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When it comes to encouraging employment, Victoria is ahead of the country (and tied with Québec City) at 3.9%, according to Statistics Canada's latest report.

"Add in some other strong indicators this week, and the Bank of Canada should be on track to raise rates next month barring more fallout on the trade front".

Edmonton also saw a dip but only from 6.6 per cent to 6.5 per cent.

In Quebec, a drop in full-time work was offset by a gain in part-time to leave the province little changed for the month.

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Goods-producing industries led the way lower, shedding 29k positions due to weakness in manufacturing and construction.

In accommodation and food services, employment rose by 18,000 in May, driven by growth in British Columbia. The professional, scientific and technical services sector added 17,000 an transportation and warehousing added 12,000. However, that was offset by an nearly equal number of residents entering the labour force looking for work, which caused the unemployment rate to remain unchanged at 4.4 per cent - reportedly its lowest level in some 30 years.

With files from The Canadian Press.

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