Edmonton's unemployment rate dips slightly in February: StatsCan

Edmonton's unemployment rate dips slightly in February: StatsCan

For the province, the unemployment rate was 5.6 per cent in February.

Our region includes Grande Prairie and stretches from Jasper to Peace River.

Statistics Canada said Friday that the country added 15,400 jobs in February, following a huge loss in January, due to gains in full-time work.

State officials say Ohio's unemployment rate dropped to 4.7 percent in January but remained higher than the national rate.

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Part-time jobs were up by 54,700 positions, while full-time jobs declined for the first time in six months, losing 39,300 positions, according to Statistics Canada.

The mixed nature of the data is likely to reinforce the Bank of Canada's cautious stance on interest rates after its decision to stay on the sidelines on Wednesday.

The hiring showed continued strength in the economy while the wage growth - lower than the 2.9 per cent reported a month ago - tempered inflation fears, said Manulife Asset Management portfolio manager Cavan Yie.

The Bank of Canada, which has hiked three times since July, left its benchmark rate unchanged at 1.25 per cent on Wednesday as it anxious about an uncertain trade outlook.

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Most economists agree that public-sector job growth isn't sustainable, and private-sector job gains are needed to maintain growth.

In January, wage growth hit 3.3 per cent following a steady flow of monthly increases after the indicator bottomed out at 0.5 per cent last April.

The survey also said the number of paid employee jobs increased last month by 58,800 positions, compared with a decrease in self-employed positions of 43,300.

Northeast had the second lowest unemployment rate in B.C. last month. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples.

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