Windsor's jobless rate becomes third-highest in Canada

Canadian Dollar Forecast USD  CAD Risks Catapulting Higher as Reversal Unfolds

It also appeared that Trump was secretly disappointed with the latest jobs report if history was any indication.

"Given that GDP growth is running below potential, we suspect that the underlying trend in job growth could remain fairly muted, which would see the unemployment rate creep higher towards six per cent and the Bank of Canada responding with an interest rate cut in April", Grantham said.

Reports on housing, trade and consumer spending have suggested that the economic expansion, now in its 11th year, is not in immediate danger of being derailed by a recession. Also, "hires", as captured in Graph 2, appear to have been moving sideways more than upwards. That would be fewer than November's 266,000 but still enough to accommodate population growth and thereby hold down the unemployment rate. "Leisure and hospitality" jobs weren't far behind at +40,000.

Although job numbers fell sharply in B.C., the unemployment rate was still the lowest in Canada at 4.8%, down 0.2 percentage points from a month earlier. In 2019, trucking experienced job losses in six months, including five of the last six months. The report offers a cleaner read on manufacturing and overall employment after a strike involving 46,000 General Motors Co. workers subtracted from the October count and propped up the November reading.

JOLTS - Job Openings and Labor Turnover Survey. And low US unemployment is still stunning.

The compensation increases for construction workers were worse on all four counts.

Employment climbed in Greater Victoria to 198,300 positions last month, from 196,600 in November, Statistics Canada said in its monthly labour report.

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In a previous estimate, analysts had expected a 0.3% increase in average hourly earnings in December. While observers are still awaiting a verdict on the holiday shopping data, there are indications that the American consumer continues to be a source of strength in the United States.

Unemployment rates fell for nearly all categories, with the exception of men aged 55 and over, where it rose from 4.9 percent to five.

Canada achieved a strong record of jobs creation in 2019. This marks the largest employment loss in the sector since January 2016, when almost 17,000 jobs were eliminated.

The Canadian economy added 35,200 jobs in December, fuelled by a gain in full-time jobs, to post the first monthly increase in jobs since September. The bottom line is that construction employment in Canada has remained almost flat for several years.

During 2019, Canada's total jobs count rose by +320,000.

Regionally, Ontario and Quebec led the job gains. In 2019, the best month in employment was January's increase of more than 30,000 jobs.

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