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Victoria’s unemployment rate ticked up slightly in October to 4.4. per cent, according to Statistics Canada’s monthly labour force survey. Though it was higher than September’s 4. ....
The Canadian economy churned out another month of job increases that brought the national unemployment rate to a pandemic-era low, even as economists warn that further gains could become increasingly difficult. ....
Ontario led the way on losses regionally with a drop of 153,000, and British Columbia witnessed its first decrease in employment since a historic one-month plunge in the labour market in April 2020. Nationally, losses were heavier in full-time than part-time work, with retail and young workers hit hardest as a resurgence of the virus and its variants forced a new round of restrictions and lockdowns. With lockdowns continuing into May, CIBC senior economist Royce Mendes said more losses this month are possible. Leah Nord, senior director of workforce strategies with the Canadian Chamber of Commerce, said the latest setback in the labour market will carry a long-term impact on the workers and businesses affected, particularly in high-touch sectors that are falling further behind. ....