Canada Jobless Rate Falls to 5.9% in September

The unemployment rate in Canada decreased to 5.9 percent in September of 2018 from 6.0 percent in the previous month and in line with market expectations. The economy added 63,300 jobs after losing 51,600 in August and well above market consensus of a 25,000 gain. Part-time employment advanced (+80,200) while full-time employment dropped (-16,900).

Employment increased mainly in Ontario (+36,000) and in British Columbia (+33,000). In Quebec and other provinces employment was almost unchanged.

There were employment increases in construction (+28,000); finance, insurance, real estate, rental and leasing (+13,000); public administration (+12,000); agriculture (+9,000). Meantime, employment dropped in information, culture and recreation (-17,000) and business, building and other support services (-10,000). 

The number of private sector employees went up 96,000, the first increase since November of 2017. At the same time, the number of public sector employees was little changed compared with August 2018. 

In September, employment rose for core-aged group (25 to 54) by 54,000, driven by increases in part-time work (+46,000). Employment gains were recorded among both core-aged men (+34,000) and women (+20,000). Meanwhile, employment for workers aged 55 and over and youth ages 15 to 24 was almost unchanged.

The labour force participation rate increased slightly to 65.4 percent from 65.3 percent in August and above market forecasts of 65.3 percent.

Canada Jobless Rate Falls to 5.9% in September

Statistics Canada | Agna Gabriel |
10/5/2018 1:27:31 PM