By rdnewsNOW staff

Red Deer area unemployment rate falls in October

Nov 2, 2018 | 8:58 AM

RED DEER- The Red Deer area unemployment rate for October was 6.3%.

That is nearly a full percentage point lower than September’s 7.2%.

Meanwhile, the Alberta unemployment rose from 7.0% to 7.3%.

Nationally, the unemployment rate is back to its four-decade low of 5.8% after falling from September’s reading of 5.9%.

Stats Canada reports job growth was essentially flat but the jobless rate declined as fewer people were looking for work.

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Wage growth continues to decline.

It fell to 2.19% in October, its weakest reading since September 2017.

(Gary McKinnon – The Canadian Press)