U.S. jobs growth jumps in November

Enlarge this image

The blockbuster report provides further evidence that the USA economy is withstanding a global slowdown, and reinforces the Federal Reserve's characterization of the labor market as "strong".

The province's economic performance is slightly better than November 2018. when the jobless rate stood at 8.2 per cent. It's one of the weaker industries if you're tracking employment growth year-to-date, down an average 4,000 per month.

The losses were reported across Quebec, Alberta and British Columbia, mostly in manufacturing, natural resources and public administration, and affecting men in the core working ages of 25 to 54 and women over 55, Statistics Canada said.

Employers have been hiring at a solid enough pace to absorb new job seekers and to potentially lower the unemployment rate, though the pace of job growth is down from past year.

Stock markets cheered another bumper jobs report from the U.S. suggesting that the world's biggest economy remains resilient to pressures from overseas. But the number of Americans either working or actively looking for a job - known as the "labour force participation rate" - also ticked down slightly to 63.2 percent. The U.S. Federal Reserve has cut its rate three times this year.

The smaller household survey from which the unemployment rate is derived also showed a modest job gain last month.

The tight labour market is generating steady wage gains.

She noted the region has seen some weakness in employment levels this year with roughly 14,000 jobs gone when comparing January to November.

CD Projekt discontinuing support for Witcher card game Gwent on consoles
As such, all PlayStation 4 players will have to spend their Meteorite Powder prior to requesting an account copy-over. CDPR explained that due to the number of platforms GWENT is now available on; they had to make some cutbacks.

The Canadian currency depreciated on the report, dropping 0.6 per cent to $1.3249 against its USA counterpart at 8:40 a.m. Toronto time. In the 12 months through November, wages rose 3.1% after advancing 3.2% in October.

"Notable job gains occurred in healthcare and in professional and technical services", the report said. Exactly why that is remains a mystery since employment and average hours tend to move together.

United States manufacturing employment rebounded by 54,000 jobs last month as GM strike returnees boosted payrolls in the auto sector. Snow storms in the Midwest and cold weather restricted construction hiring to only 1,000 jobs last month.

"Manufacturers, commodity producers, and retailers are shedding jobs".

The leisure and hospitality industry hired 45,000 workers.

Those numbers come at a time when Alberta-based energy companies continue to axe jobs despite benefiting from UCP government corporate tax breaks.

He said recently announced increases in future oil-by-pipeline shipments and a $250-million investment announcement by energy giant CNRL bode well for job and economic growth.

Related News:



Most liked

Shares firm, oil up, after output cut
The agreement stipulates slashing supplies by 1.2 million barrels per day from the October 2018 level for the first half of 2019. Any price gains from the OPEC+ output cut are likely to benefit American producers not party to any supply curbing agreement.

'The Irishman' named best picture by New York Film Critics
His Goodfellas Oscar victor Joe Pesci earned the Best Supporting Actor honor for his work in the film, which is now on Netflix . The Netflix-funded film was shot at a cost of more than $150 million and stars Robert De Niro, Al Pacino and Joe Pesci.

West Indies stretch it out ahead of 1st T20I with India
Ever since Pant was brought in as MSD's replacement in the national side, he has faced a lot of criticism from fans. West Indies are a team in rebuild with several young players included for the Afghanistan and India series.

What Leo DiCaprio's Girlfriend Says About Age Gaps In A Relationship
Camila Morrone has drawn an excessive amount of consideration just lately for her relationship with film star Leonardo DiCaprio . And while she certainly can pick DiCaprio's brain over her acting projects, she has another Academy Award victor to turn to.

Nancy Pelosi authorises drafting of impeachment articles against Trump
Trump rewarded some of his allies with politically valuable presidential tweets as the daylong hearing dragged into the evening. The White House has sent emissaries to Congress to bolster what had been a solid wall of support for Trump among Republicans.

English Broadcaster Jeremy Clarkson Lashes Out At Environmentalist Greta Thunberg Once Again
These comments come just days after Clarkson called Ms Thunberg a "stupid idiot" during an interview with The Independent. Last month Clarkson admitted he "didn't have a clue" about climate change after the Cambodia trip.

Milwaukee plays Detroit on 12-game win streak
He averaged 14.3 points in his three games as a reserve, after being sidelined for seven games with a bruised left thigh. In November, the Bucks played 16 games and won 15 of them, outscoring their opponents by 209 points - 1,928 to 1,719.

FBI Issues Security Warning Posed by Smart TVss
While features like internet connection, microphones and cameras are all helpful, they also help hackers gain access to your home. Another good practice to follow is being vigilant in installing security updates for your smart TV when they become available.

LeBron James responds to Jazz commentators who criticized him
I felt bad for the refs on that one because they probably get a write-up on that one. "That was pretty bad". Yesterday - and for the first time since 2010 - a LeBron James-led team got a win in Salt Lake City.

Devils fire Hynes, promote assistant to interim coach
In his first game behind the bench as the team's leader, the Devils lost 4-3 to the Vegas Golden Knights . The Devils are off to a awful 9-13-4 start to the 2019-20-season, Hynes' fifth with the team.

US House Approves Bill Denouncing China's Crackdown of Uighur Muslims
But China warns of a "propaganda war" led by the USA to use human rights as a tool to interfere in the country's domestic affairs. The measure, which passed 407 to 1, is a stronger version of the bill that cleared the Senate in September.

Redmi Note 8 Pro sale today, starting at Rs 14999
The phone is powered with a massive 5,260mAh battery that charges via USB C, and supports up to 30W fast charging. Both Mi Note 10 and Mi Note 10 Pro will be available starting Dec 7, 2019, at RM2,099 and RM2,499 respectively.

Qualcomm announces world’s largest fingerprint sensor for smartphones
Given their previous partnership, Samsung may use Qualcomm's fingerprint readers in its next generation of high-end handsets. Given the ultrasonic technology only works with OLED displays, the sensor will likely be limited to higher-end iPhones.

United States doctors bring a dead heart back to life
And other organs may be ineligible based on their donors' medical histories, lifestyles or infections they have contracted. Incredibly, the heart can be preserved and kept beating for up to eight hours after being removed from the donor.

Hazard to miss Clasico after tests reveal ankle fracture
Eden Hazard is about to overlook Actual Madrid's El Clasico conflict at Barcelona on December 18 as a outcome of an ankle damage. Madrid and their Catalan rivals are level on 31 points from 14 games each at the top of La Liga.