Slight Increase In Windsor's Unemployment Rate

Mar 10, 2018, 00:31
Slight Increase In Windsor's Unemployment Rate

Ohio's unemployment rate was 4.7 percent for January, with the state gaining 12,100 jobs, the Ohio Department of Job and Family Services reported Friday.

Meanwhile, nonagricultural wage and salary employment in OH increased by 12,100 jobs, to 5,546,400 in January from a revised 5,534,300 the prior month.

Part-time jobs accounted for all of the gains (up by 54,700 positions), while full-time jobs declined for the first time in six months, losing nearly 40,000 jobs.

A labour-force survey showed an increase of more than 50,000 jobs in the public sector.

Compared with 12 months earlier, the overall job market added 282,500 positions for an increase of 1.5 per cent - and all of that year-over-year growth came from full-time work.

The rate for Medicine Hat - Lethbridge was 6.9 per cent, an increase of three tenths of a point.

Ontario was the big victor last month with a gain of 15,700 jobs, although the unemployment rate was unchanged at 5.5 per cent, but is still the second lowest in the country behind British Columbia (4.7 per cent).

A year ago, the rate here was 6.6 per cent. Ohio's February jobless rate will be released March 23.

Wednesday, after ushering in three interest rate hikes since last summer, the Bank of Canada held its benchmark rate at 1.25 per cent. It said future decisions will continue to be guided by incoming data, such as the economy's sensitivity to higher rates, the evolution of economic capacity and changes to wage growth and inflation. The labour force decreased by 7,100 people.

The increase in unemployment comes as the region shed more than 10,000 jobs, according to the federal statistics agency.