Unemployment rate drops to 5.7%, reaches lowest mark in more than 40 years

December reading marked the 13th-straight month of job gains

The unemployment rate fell to its lowest level in more than 40 years as Canada closed out a calendar year that saw it produce jobs at a pace not seen since 2002.

Statistics Canada reported Friday that the unemployment rate dropped to 5.7 per cent in December, down from 5.9 per cent the month before, to reach its lowest mark since comparable data became available in 1976.

In December 2016, the unemployment rate was 6.9 per cent, the report said. The last time the jobless rate was 5.8 per cent was October 2007.

The unemployment reading fell last month as the economy generated 78,600 net new positions, including 23,700 full-time jobs.

By region, Quebec and Alberta saw the biggest increases last month with each province adding more than 26,000 new jobs. Quebec’s unemployment rate fell 0.5 percentage points to 4.9 per cent, while Alberta’s dropped 0.4 percentage points to 6.9 per cent.

The December reading marked the 13th-straight month of job gains, however, about half of those positive numbers were within the survey’s margin of error.

For 2017, the agency’s labour force survey said employment rose 2.3 per cent for its fastest growth rate in 15 years. The economy added 422,500 jobs last year with the gains driven by 394,200 new full-time positions.

By industry, factories saw employment increase 3.5 per cent in 2017, while the services sector experienced a boost of two per cent.

The survey also found that over the last year the number of employed people aged 55 and over rose 5.3 per cent. This exceeded the 2.9 per cent rate of population growth for the age group.

Among core-aged workers, those between the ages of 25 and 54, employment increased 1.6 per cent last year.

In a separate report Friday, Statistics Canada says the country’s merchandise trade deficit widened to $2.5 billion in November, compared to a $1.6-billion deficit the month before, as imports outgrew exports.

Andy Blatchford, The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

New Coast Guard radar boosts marine traffic monitoring off B.C. coast

Six radar installations set up for Georgia Strait to Queen Charlotte Strait to Prince Rupert

Port Alice resident a descendant of two Aboriginal war heroes

Charlie and Henry Byce are Canada’s most decorated father and son in history.

Port Hardy council hesitant to formalize question period in agendas, refers it to committee

In first act as new council, representatives were uncertain about formalizing question periods.

Gas prices on Vancouver Island to drop six cents

But a ‘volatile’ market could lead to increases in the coming weeks

Mt. Waddington’s Salvation Army releases eye-opening statistics report for 2017

Shelter overnight stays saw a 431 per cent increase since 2014.

Winter weather hits parts of Canada

As some parts of the country brace for cold, parts of B.C. remain warmer than 10 C

Canada’s health system commendable overall but barriers to care remain: UN

The United Nations says Canada’s health care system is “commendable” overall but vulnerable groups still face barriers to quality care.

Unique technology gives children with special needs more independent play

UVic’s CanAssist refined seven prototypes aided by $1.5M government contribution

Kelly Ellard’s boyfriend has statutory release revoked

Darwin Duane Dorozan had several parole infractions that found him ‘unmanageable’

Six String Nation’s Voyageur guitar comes to Port Hardy Secondary School

The presentation at the school is one of many showings Jowi Taylor is putting on in Port Hardy.

Harvest Food Bank prepares for busy winter season

Port Hardy’s Harvest Food Bank has prepared itself as the winter season… Continue reading

Doctor’s note shouldn’t be required to prove you’re sick: poll

70% of Canadians oppose allowing employers to make you get a sick note

Port Alberni convenience store robbed

Police still searching for suspect

German-born B.C. man warns against a ‘yes’ vote on proportional representation

Agassiz realtor Freddy Marks says PR in his home country shows party elites can never be voted out

Most Read