On a national level, the unemployment rate stayed at its 43-year low of 5.6 per cent last month as the economy closed out 2018 with the addition of 9,300 net new jobs, Statistics Canada said Friday. This pace of growth was slower compared with 2017 (plus 2.3 per cent) and 2016 (plus 1.2 per cent), said StatsCan.
Employment rose in Newfoundland and Labrador - edging the unemployment rate down to 11.
"Following strong growth in both goods and service industries in 2017, overall employment gains in 2018 were recorded nearly entirely in service industries, including health care and social assistance (plus 74,000 or plus 3.1 per cent); business, building and other support services (plus 59,000 or plus 7.8 per cent); transportation and warehousing (plus 56,000 or plus 5.7 per cent); and educational services (plus 33,000 or plus 2.6 per cent)". Canada shed 18,900 full-time jobs and added 46,400 less desirable self-employed positions.
The jobless rate was 5.4 per cent in December, that's compared to 6.0 per cent in November.
The unemployment rate for the region continues to be below provincial and federal numbers.
Statistics Canada says Windsor's unemployment rate dropped last month. Gains were observed in several industries, led by agriculture.
Analysts in a Reuters poll had forecast a gain of 5,500 positions in December and for the jobless rate to increase to 5.7 percent from 5.6 percent in November, a month when a record 94,100 jobs were created. This comes as the participation rate edged up to 65.4 per cent from 65. The province's labour force also shrank by 1,200 workers, from 385,000 in November to 383,800 in December.
"Still the headline increase in employment won't do much to brighten the mood in Canadian markets today, with some of the details far less encouraging", he wrote. He pointed to job creation driven by self-employment and part-time labour in December. But the sharp deceleration since mid-2018 is seen as a good reason for the Bank of Canada to wait longer before raising interesting rates.