By rdnewsNOW staff

tough month for alberta

Red Deer area unemployment rate up in July

Aug 9, 2019 | 9:30 AM

RED DEER- The Red Deer area unemployment rate rose to 7.4% in July from June’s 7.1%, according to the latest numbers from Statistics Canada.

The Alberta rate also climbed from 6.6% to 7.0%.

Nationally, the jobless rate rose from 5.5% in June to 5.7% last month as the economy lost 24,200 jobs. About half of the job losses came in Alberta.

The results are worse than expected as economists had predicted a gain of 12,500 jobs in July.

On the plus, Statistics Canada reports July’s wage growth came in strong at 4.5%, which was its highest level in more than a decade.

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