By rdnewsNOW staff

UNEMPLOYMENT LOWER

Red Deer area unemployment rate drops in June

Jul 5, 2019 | 8:46 AM

RED DEER- The Red Deer area unemployment rate was pegged at 7.1% in June.

That is down from 7.5% in May.

The Alberta rate also fell slightly last month from 6.7 to 6.6%.

Nationally, the economy lost 2,200 jobs in June, pushing the jobless rate up a notch to 5.5%.

But that’s still near a four-decade low and Stats Canada reports wages have risen to their highest level in more than a year.

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The economy added 248,000 new positions over the first half of the year, which is the strongest six-month stretch of job growth to start a year since 2002.