Region's jobless rate up for second straight month

Region's jobless rate up for second straight month

Region's jobless rate up for second straight month

Statistics Canada says the jobless rate in Windsor is up.

The decline in construction jobs also comes as the country's once-hot housing market has cooled in recent months in response to rising interest rates and tighter mortgage rules that came into effect in January.

Unclear, because the sample size for Ottawa-Gatineau is too small to accurately measure it, is how many of those working in May were doing so part-time, and what percentage were doing so because they couldn't find full-time work. Since the start of this year alone, local employers have collectively hired 21,300 net new staff.

The unemployment rate across the province was steady at 4.9 percent, while the national unemployment rate dropped from 6.2 to 6.1 percent last month.

"It reinforces the idea that the labour market is really pushing full employment and tightening up enough to drive wage growth", he said.

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Stats Canada reported Canada's unemployment rate for May Friday.

"We don't think this should put them off from a July hike ... but this does reinforce the fact that they don't need to raise rates incredibly quickly", said Andrew Kelvin, senior rates strategist at TD Securities.

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.

Sectors gaining jobs included the accommodation and food services sector which added 18,000 jobs, helped by growth in British Columbia. The professional, scientific and technical services sector added 17,000 and transportation and warehousing added 12,000. In Saskatchewan, full-time employment fell by 1,500 positions and 800 part-time jobs.

On a year-over-year basis, overall employment was up by 238,000 jobs or 1.3 per cent, due to gains in full-time work.

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