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.

"TURNING POINT" FOR THE CITY

City of Red Deer sets the stage for Operating Budget debate

13h ago

New Study

Study to be conducted for potential new water reservoir for Red Deer River

13h ago

Continuity of Business Operations

Red Deer County operations during Canada Post strike

13h ago