US unemployment rate stood at 4.1 percent in December 2017, unchanged from the previous month's 17-year low and in line with market consensus. The number of unemployed declined by 40 thousand to 6.58 million. Unemployment Rate in the United States averaged 5.79 percent from 1948 until 2017, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953.
A spokesperson with the franchisee group said an average Tim Hortons franchise owner with the equivalent of 35 full-time employees could be facing $243,900 in additional wage costs in one year due to the minimum wage hike, when increases to CPP, EI, employer health tax, vacation pay and training are factored in.
The number of self-employed workers increased by 28 thousand in December. At the same time, public sector employment rose by 22 thousand, while the number of private sector employees was stable.
The number of self-employed workers increased by 28 thousand in December. At the same time, public sector employment rose by 22 thousand, while the number of private sector employees was stable.