Canada’s employers continued hiring in May. The economy created 95,000 new mostly full-time jobs.And while Canada’s unemployment rate is still 0.1% higher than the 7% reached at the first months of this year, there are more Canadians working now than there have been at any time in the past 5 years.
According to Statistics Canada there was little change in employment in September. Full time gains were offset by part-time losses. The rate of unemployment went down 0.1 point to 8.0 percent – but for the wrong reason: Some job seekers, mostly youth, seem to have given up looking for work and dropped out of the labour force altogether. This is disappointing, as economists had expected 10,000 new jobs to be created. This did not quite happen as expected.
Continue reading Canada’s Employment Market Remained Largely Unchanged in September Despite Stronger Hiring Demand
Statistics Canada released its monthly labour market survey report this morning (July 10th) for the month of June, and overall, it is fairly good news (the original report is found here: http://www.statcan.gc.ca/daily-quotidien/100709/dq100709a-eng.htm). Canada’s economy created 93,000 jobs – significantly more than generally expected. The trend was lead by Ontario, whereas employment in British Columbia remained unchanged.