Windsor’s unemployment rate is second-highest in Canada
Windsor has the second-highest unemployment rate in Canada, according to Statistics Canada.
The jobless rate in the area decreased slightly in May to 6.5 per cent, compared to 6.7 per cent in April.
Only one other city has a higher rate – Peterborough, Ont., at 7.1 per cent.
On a national level, Canada's unemployment rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any sign of a softening labour market.
Overall employment was little changed last month as the economy lost a modest 17,000 jobs, Statistics Canada reported Friday.
The job report comes one day after the Bank of Canada raised its key interest rate by a quarter of a percentage point, bringing it to 4.75 per cent, the highest it's been since 2001.
The decision was prompted by a string of hot economic data, including a surprisingly resilient labour market. The central bank said the resilience of the Canadian economy suggests getting inflation back to two per cent may be harder than it had previously expected.
Canada's unemployment rate was previously hovering at five per cent for five consecutive months, just above the all-time low of 4.9 per cent reached last summer.
However, the federal agency noted in the report that job growth has moderated in recent months. It says monthly job gains between February and April averaged at 33,000. That follows the economy adding more than 300,000 jobs cumulatively between September and January.
According to Friday's report, fewer people were working in business, building and other support services as well as professional, scientific and technical services last month.
Meanwhile, employment rose in manufacturing, other services and utilities.
Employment among youth was also down, suggesting a slow start to the summer hiring season.
The central bank has been particularly concerned about how fast wages are growing, arguing that wage growth in the four to five per cent range is incompatible with a two per cent inflation target.
The federal agency says wages were 5.1 per cent higher in May compared with a year ago.
A portion of this report by The Canadian Press was first published June 9, 2023.
CTVNews.ca Top Stories
MPP Sarah Jama asked to leave Ontario legislature for wearing keffiyeh
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Mountain guide dies after falling into a crevasse in Banff National Park
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
2 teens charged in Halifax homicide: police
Two teenagers have been charged with second-degree murder in connection to an alleged homicide near the Halifax Shopping Centre earlier this week.
'Deep ignorance': Calls for Manitoba trustee to resign sparked after comments about Indigenous people and reconciliation
A rural Manitoba school trustee is facing calls to resign over comments he made about Indigenous people and residential schools earlier this week.
ByteDance prefers TikTok shutdown in U.S. if legal options fail, Reuters sources say
TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.
12-year-old hippo in Japan raised as a male discovered to be a female
When Gen-chan arrived at a zoo in Japan in 2017, no one questioned whether the then-five-year-old hippopotamus was a boy. Seven years later, zoo staff made a surprising discovery: Gen-chan, now 12, was female.
Here's why Harvey Weinstein's New York rape conviction was tossed and what happens next
Here's what you need to know about why movie mogul Harvey Weinstein's rape conviction was thrown out and what happens next.
Improve balance and build core strength with this exercise
When it comes to cardiovascular fitness, you may tend to focus on activities that move you forward, such as walking, running and cycling.
Legendary hockey broadcaster Bob Cole dies at 90: CBC
Bob Cole, a welcome voice for Canadian hockey fans for a half-century, has died at the age of 90. Cole died Wednesday night in St. John's, N.L., surrounded by his family, his daughter, Megan Cole, told the CBC.