Until March, Statistics Canada’s reports were painting a pretty rosy picture of Canada’s job market. In my blog posts from the past few months, I wondered where the employment growth was coming from. Last month, I suggested that Canada’s employers may be simply delaying layoffs to see where the economy is going. We (Vicinity Jobs) recorded a weak hiring demand levels since last October, and I predicted that unemployment will start creeping up again in the very near future unless the economy turns around. In March, Canada’s economy lost 55,000 jobs, and unemployment increased 0.2 percentage points to 7.2%.
On Friday, March 8th, Statistics Canada reported that Canada’s unemployment rate remained unchanged in February at 7%. The economy created 51,000 jobs, but the increase was offset by a corresponding increase in the number of people looking for work. February was supposedly a good month for those looking for work in the hospitality industry and in the professional services industry, but a bad one for manufacturing industry workers.
Statistics Canada released its latest Job Market on November 2nd, and it shows that Canada’s economy only created less than 18,000 jobs in October. Virtually all were government-funded jobs, while private sector employers actually let more people go than they hired. The 18,000 new jobs were not enough to move the unemployment rate, which remained unchanged at 7.4% . While this performance came after two months of more convincing employment growth, it makes it hard to predict where the job market will go from here. Vicinity Jobs recorded a strong hiring demand in October and this may lead to a better job market performance in November. But the uncertainties persist.
Written by Strac Ivanov
June 11, 2012: According to Statistics Canada’s labour market survey, released on Friday, June 8th, Canada’s job market seems to be weathering the global economic uncertainties quite well – at least for the time being. A separate report tracking hiring demand that we (VicinityJobs.com) release each month also points to signs of strength in the job market.
From Brittney Windatt
Employment was little changed for the second consecutive month in August but the unemployment rate rose 0.1 percent to 7.3 percent. This comes in a month in which the stock markets went through a wild roller coaster ride and we found that GDP growth in the second quarter of this year had turned negative (making it quite likely that we may be in a new recession). The details do give some reasons for concern.
Continue reading Employment Growth Stalled for a Second Consecutive Month in August
from Brittney Windatt
Employment in Canada grew by 28,000 in June, continuing its rise for the third consecutive month. According to June’s labour market survey report from Statistics Canada, the unemployment rate remains at 7.4 percent as the number of people participating in the labour market increased; however, since mid-2009, the unemployment rate has declined.
from Brittney Windatt
The month of May brought a 1.6 percent increase in total employment over the previous 12 months, causing unemployment to drop 0.2 percent to 7.4 percent. But a closer look paints a less optimistic picture: The increase in employment for the month of May was driven largely by a decline in the number of people looking for work and by more people becoming self-employed. Private sector jobs growth remains weak.
Continue reading Canadian Unemployment Rate Declines in May Mask Job Market Weakness
March 2011 was largely dominated by bad news for the economy: Most notably the earthquake and tsunami in Japan and the deepening of the Libyan conflict. The disaster in Japan hit Canada’s local economy by disrupting the supply chains of local manufacturers. In Ontario, the impact on the automotive sector was particularly severe. The Honda plant in Alliston, for example, cut production by more than 50% indefinitely, apparently because the Japanese disaster made it impossible for it to source electrical parts that go into vehicles it assembles. The Libyan crisis also lead to some (potential as well as real) disruptions in the oil supply. Employers typically respond to such signs of uncertainty by placing hiring decision on the backburner until the future becomes more clear (and brighter). So it was quite refreshing to see that Canada’s job market did actually quite well in March.
Continue reading Canadian Job Market Showed Good Overall Performance in March 2011
Statistics Canada’s monthly job market survey for February 2011 was released on Friday, March 11th and paints a bleak picture. February saw employment gains of some 15,000 jobs, but these came on the heals of self-employed increasing by 26,000 jobs. This is hardly encouraging because many people pursue self-employment simply because they cannot find jobs – but the income that they generate tends to often be less than what they would expect to make if they were employed. This means that actual employment dropped by 11,000. The number of private sector workers declined. Continue reading Canada’s Job Market Remained Weak in February
Statistics Canada released its latest labour market survey results on Friday, February 4th – and it is good news. 69,000 new jobs were created, and although unemployment edged up, it was simply because more people were looking for work (and presumably feel more optimistic about their chances of finding employment). But overall, the economic climate remains uncertain – so the recovery will likely remain uneven.
Continue reading Employment Increased in Ontario but Decreased in British Columbia in January