Windsor's unemployment rate drops for November

Image iStock

Image iStock

In a labour force of 39,700, the region saw 37,700 people employed.

Nationally, unemployment sat at 5.6. per cent, down from 6.3 per cent in October, and 6.8 per cent in November 2016.

Alberta's economy overall reached 7.3 per cent last month, which is the lowest it's been in in almost two years. Nearly 30,000 of the new jobs in November were full-time.

"Canadian growth was always poised to cool after a monster first half, and the 1.7 percent pace in Q3 won't surprise anyone", said CIBC Economics analyst Nick Exarhos.

The slowdown marks the end of a rally for the Canadian economy that had, until now, lead its peers in the Group of Seven industrialized nations (G7).

"If that trend holds up it will be hard for the Bank of Canada to remain on the sidelines much longer", he wrote in a note.

"Today's blockbuster employment report raises the risk of an earlier move".

The increase also marked Canada's 12th straight month of positive job creation as the country posted its best 12-month performance in 10 years.

This year, the region is in the middle of the pack, with Vancouver Island and the Coast (4.4%), the Lower Mainland (4.1%), and the North Coast and Nechako (5%) posting lower unemployment rates.

Exports fell while imports were flat, business investment weakened, and household outlays pulled back slightly from the previous quarter, said Statistics Canada. "It was the largest monthly increase in more than five years, and marked the 12th consecutive gain - an unusual streak that speaks of durability", said Sal Guatieri, senior economist with Bank of Montreal Capital Markets, in a research note.

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