Strong Month For Canada Jobs Sees Unemployment Drops Below 6%
A strong month for Canada jobs saw unemployment drop as 63,000 more people found work.
The latest Labour Force Survey from Statistics Canada puts the Canada unemployment rate at 5.9 per cent at the end of the month.
In the provinces, British Columbia saw its unemployment rate drop 1.1 percentages points to 4.2 per cent, with a jobs increase of 33,000.
In the last 12 months, Canada employment has risen 222,000, or 1.2 per cent, entirely in full time work. The third quarter contributed an employment increase of 66,000 and relatively flat first and second quarters.
The core age-group of 25 to 54-year-olds saw employment growth of 54,000 in September. Men (34,000) and women (20,000) both contributed to the increase.
Both groups saw 0.2 per centage point unemployment declines, to 5.1 per cent for men and 5 per cent for women.
For both the 55 and over category and the 15 to 24 category, the figures showed little change in September, with unemployment at 5.2 per cent and 11 per cent respectively.
What Are The Labour Force Survey Highlights?
|Unemployment rate (%)||5.9|
|Employment rate (%)||61.5|
|Labour force participation rate (%)||65.4|
|Youth (15-24) unemployment rate (%)||11.0|
|Men (over 25) unemployment rate (%)||5.2|
|Women (over 25) unemployment rate (%)||4.9|
Source: Statistics Canada
Impressive Jobs Gains In The Provinces
B.C.’s jobs increase of 33,000 was driven by full time gains of 26,000. After an employment decline in the first half of the year, the province bounced back in the third quarter with a gain of 54,000.
Employment has grown 43,000, or 1.7 per cent, in the province over the last 12 months. It remains the province with the lowest unemployment in the whole of Canada.
The strong performance in B.C. was backed up by Ontario, where employment rose by 33,000.
Canada’s largest province saw unemployment dip below 6 per cent to 5.9 per cent in September. Employment has grown by 103,000 in the last 12 months.
Quebec also had a strong month, with unemployment dropping by 0.3 percentage points to 5.3 per cent, giving the French-speaking province the second lowest provincial unemployment,
Which Canadian Province Has the Lowest Unemployment?
|Jobs change August||Unemployment rate (%)|
|1) British Columbia||33,300||4.2|
|7) Nova Scotia||1,600||7.8|
|8) New Brunswick||1,600||7.9|
|9) Prince Edward Island||200||8.7|
|10) Newfoundland & Labrador||800||13.6|
Source: Statistics Canada
What Are Canada’s Top Performing Industries?
Construction enjoyed a strong September, when looking at the figures by industry, adding 28,000 jobs.
Employment in the industry is now up 34,000 in the last 12 months.
An increase of 13,000 jobs was seen in the finance, insurance, real estate, rental and leasing sector, driven by gains in Ontario and Alberta.
Public administration (12,000) and agriculture (9,000) also saw significant gains.
The number working in the private sector grew by 96,000 in September while the public sector total was unchanged and the self-employed sector declines by 35,000.