Windsor unemployment rate up in October to 6.9%


The BLS reports that the employment increase between September and October was especially sharp in food services and drinking places, which added 89,000 jobs, after losing 98,000 jobs in September when many workers were off payrolls due to the hurricanes.

"While one single jobs report will not sway the Bank of Canada, officials will no doubt be encouraged by the moderate wage uptick, and the robust private-sector and full-time job gains", Porter wrote in a note to clients.

The US unemployment rate dropped to 4.1 percent in October while job creation resumed climbing after the two late-summer hurricanes.

It's the first time the jobless rate has been above 6 per cent in London since June. Information, culture and recreation industries added 15,300 jobs.

The increase was the result of more people entering the workforce and a decline in employment.

The unemployment rate edged down by 0.1 percentage point to 4.1% in October, and the number of unemployed decreased by 281,000 to 6.5 million, the BLS report said. Part-time employment fell 53,400 in October.

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The jobless rate fell to 4.1 percent, down a tenth of a point from September, the lowest the USA economy has seen since December 2000.

October's strong jobs data "suggest there is still some life left in the economic upswing", BMO Capital Markets chief economist Doug Porter said.

Additionally, wages rose from the same time past year by 2.4 percent but slowed somewhat from last month.

But economists said the hurricanes distorted wage calculations, with average compensation rising in September because fewer hourly laborers were able to work, and then falling as they returned to their jobs.

Both the national and provincial unemployment rates rose slightly compared to last month's numbers, but is well below Windsor's increase.