By The Canadian Press - rdnewsNOW staff

Red Deer area unemployment rate begins 2018 at 5.5%

Feb 9, 2018 | 7:36 AM

RED DEER- The Red Deer area unemployment rate began 2018 the same way it ended 2017.

The local jobless rate for January was 5.5%, unchanged from December.

The Alberta unemployment rose from 6.9% in December to 7.0% last month.

Across the country, the number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years.

The net decline helped push the national unemployment rate up to 5.9 per cent in January, from 5.8 per cent the previous month.

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Stats Canada reports that while the economy shed 137,000 part-time positions — that category’s largest collapse on record — the number of full-time jobs increased by 49,000.

(The Canadian Press)