The Labour Market of Canada Obtained 84,000 Jobs Last Month

Canada added about 84,000 jobs last month. This is notably much slower growth of employment compared to earlier months.

There were around 378,000 jobs generated in the Canadian labor market. This was between August and September.

During October, various restrictions were reapplied across Canada. This was due to the rise in Covid-19 cases. This leads to slower employment growth.

Compared to September, there was a marginal change in the unemployment rate. This was according to Statistics Canada’s latest Labour Force Survey.

The unemployment rate in Canada was 8.9% in October. This was in comparison to 9% the previous month.

According to the survey, the number of self-employed in Canada increased by 33,000. This was for the first time since the recent global pandemic.

The number of people working from home increased by 150,000. This was among those who worked a minimum of half of their usual hours.

Women between the ages group of 25 and 54 enjoyed the most benefits from the increase in employment. On the other hand, youth employment was below the pre-pandemic level. This was in comparison with all other major age groups.

Labour Market Conditions Differed From Province To Province

Canadian provinces that saw an increase in employment in October are BC, Ontario, Alberta, Newfoundland and Labrador, and PEI. Other provinces had lower changes in their employment rates.

Out of the five provinces that saw an increase in employment, BC was the highest. In the month of October BC saw a gain of 34,000 jobs. Most of them were full-time.

Ontario was in the second spot with 31,000 new jobs in October. It was mainly in retail and wholesale trade, as well as, manufacturing.

Alberta gained 23,000 jobs in October. Thus, increasing the rate of employment for the fifth month in a row. This was after the heavy loss of jobs with a majority of job gains taking place in Calgary.

In October, the employment rate increased by 5,900 in Newfoundland and Labrador. At the same time, it increased by 900 in PEI.

Growth in Many Industries Balanced By a Decline in Food and Accommodation Services

According to Statistics Canada, increases in job rates in various industries were counterbalanced by a loss of 48,000 jobs in food and accommodation services. This was mainly in Quebec.

The information, recreation, and culture industry saw crucial job declines in Alberta, Saskatchewan, and Quebec.

Jobs in warehousing, transportation, and construction was unchanged in October.

Job rates in several industries crossed pre-pandemic levels. These include professional, wholesale trade, technical services, scientific services, and education services.

Statistics Canada’s Labour Force Survey data provide crucial perceptions into the employment and recovery impacts of coronavirus. The industry trends, national trends, regional and demographic variations, and unemployment rates in the reports are good to inform policy decisions. These include where to directly spend on training, education, and income assistance.

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