Windsor's unemployment rate sees significant drop

Jobless rate at 5.9

Ontario's Economic Development Minister Steven Del Duca ‎dismissed concerns that the drop in part-time jobs was due to the government's decision to raise the minimum wage to $14 five weeks ago, an increase of $2.40 per hour that many businesses said was too much.

The unemployment rate edged up to 5.9 per cent from December's revised 5.8 per cent.

Economists look at the number of jobs in a community rather than the unemployment in determining an area's economic health.

Rocco Rossi, president of the Ontario Chamber of Commerce, said the numbers "reflect the concerns we have heard from businesses for months". It is not unusual to see a city's unemployment rate rise during stronger economic times as more people join the labour because the chances of finding work are better.

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Pence also said that the U.S. will apply "maximum pressure" until Pyongyang's nuclear program is "irreversibly" dismantled. And if the high-level North Korean delegation flies to South Korea, it would flaunt global rules again.

In the United States, there was a increase of 200,000 jobs in January and the unemployment rates was unchanged at 4.1 per cent.

The overall number was dragged down by a loss of 137,000 part-time positions in what was easily the category's largest one-month collapse since the agency started gathering the data in 1976.

Don't blame the minimum-wage hike just yet.

The Conference Board of Canada's chief economist Craig Alexander said in a note that while some may speculate the provincial employment drop could be related to the new minimum wage, there is a lot of volatility in job numbers and time will tell to what extent the two are correlated.

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However, ForexLive went ahead and calculated that Credit Suisse may have incurred a more than $500 million loss . As a result, the lower and upper re-opening auction collars will be $10.84 and $11.98 respectively.

Despite Canada's healthy economic performance previous year, Alexander said the surprising pace of job creation had been stronger than the other data.

The higher minimum rate could have underpinned Canada's stronger wage growth.

North American wage growth is raising its own concerns, however. She cited the full-time job gain, faster wages and a low unemployment rate as signs of a resilient labor market.

On Wall Street, the Dow Jones industrial average rallied in late trading after sinking 500 points midday and surging more than 349 points earlier in the session. The drop in January was the first decline since July 2016, and ended the longest stretch of gains since 2000. On a year-over-year basis, the participation rate declined by 0.3 percentage points in Canada, while it was down 0.2 percentage points in the U.S.

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He pleaded guilty in 1990 to six felonies and agreed to pay $600 million in penalties to settle a massive Wall Street fraud case. Bush said on Thursday that the usa needs to "welcome" immigrants and thank them for doing the "jobs that Americans won't do".

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