The latest update on Canada’s labour force doesn’t really concern the country’s economic minds despite the fact that last month saw a nation wide net loss of about a thousand paycheques. It was just a blip according to Bank of Montreal senior economist Sal Guatierri.
“You have to put it in perspective of fairly strong job growth in the past year. Basically what we’re seeing in recent months now is consistent with an economy growing a little faster than it’s potential with close to 2 per-cent expansion this year.”
Canada’s unemployment rate was steady last month at 5.8 per-cent while British Columbia continues to enjoy the lowest jobless count among the province at 5 per-cent despite rising slightly last month. Unemployment in Kamloops is 8.8 per-cent.