Wednesday, 22 November, 2017

Western Alberta unemployment rate unchanged in October

FSMNews US unemployment rate falls to 4.1 per cent, lowest in 17 years
Kelvin Reese | 04 November, 2017, 00:58

The falling jobless rate is likely to sharpen the debate among Federal Reserve policymakers, who appear set to raise the benchmark interest rate next month despite stubbornly low inflation.

That was the largest gain since July previous year, but was below economists' expectations for an increase of 310,000 jobs.

October's strong jobs data "suggest there is still some life left in the economic upswing", BMO Capital Markets chief economist Doug Porter said. Economists had predicted the wage rate would rise by 0.2 percent. The leisure and hospitality industry was hardest hit by the hurricanes in September, shedding 111,000 jobs.

The "other services" category led the growth in jobs with a gain of 21,400 positions, while the construction industry gained 18,400. The consensus call among traders was for a 15,000-job advance, according to economists at Royal Bank of Canada.

When combined with August and September's job growth, estimates of which were revised up, data show the economy added jobs over the last three months at a pace of 162,000 a month. Manitoba added 4,000 jobs and Newfoundland and Labrador rose by 3,400.

Catalonia crisis: Sacked ministers held by Madrid court
All of them refused to respond to questioning with the exception of former minister Villa, who spoke for about 40 minutes. A Spanish judge has jailed eight ousted Catalan ministers, after the region attempted to declare independence .

Taxi ploughs into crowd in London
Witness Ed Hoppitt posted: "Just came within meters of being hit by a vehicle that mounted the pavement and ploughed into people". Scotland Yard said the incident on Southampton Street, Covent Garden , is not thought to be terrorist related.

Google, Facebook, Twitter and Russian Federation : A Timeline on the '16 Election
That comes after Zuckerberg opened wrote in today's earnings release that "We're serious about preventing abuse on our platforms. Each general counsel also struggled to name an executive at their company who is specifically tasked with overseeing the threat.

The workforce grew by 4,700 people between September and October, as 1,000 jobs were lost.

Compared with a year ago, employment was up by 308,100 jobs as the number of full-time jobs increased by 396,800 and the number of part-time positions fell by 88,700.

The data for September also turned out not be as bad as initially reported, with 18,000 new jobs created, rather than a loss of 33,000 positions, the first contraction in almost seven years.

A 10.6 per cent drop in exports of motor vehicles and parts were offset in part by a 7.2 per cent increase in exports of energy products.

The share of Americans participating in the labor force fell by 0.4 percentage point to 62.7% in October, the lowest reading since May.

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