Canada Jobless Rate Falls to 3-Month Low of 5.5%

The unemployment rate in Canada fell to 5.5 percent in September of 2019 from 5.7 percent in the previous month and below market expectations of 5.7 percent. It was the lowest jobless rate since June, as the economy added 53.7 thousand jobs, driven by gains in full-time work (+70 thousand) while part-time works fell (-16.3 thousand).

In September, employment increased in Ontario (+41,000) and Nova Scotia (+ 3,200), while it was little changed in all other provinces.

In the public sector, the number of employees increased by 33,000 in September and the number of self-employed workers rose by 42,000. Meantime, the number of private sector employees was virtually unchanged. 

There were more people working in health care and social assistance (+30,000), as well as in accommodation and food services (+23,000). At the same time, there were declines in information, culture and recreation (-37,000), and in natural resources (-7,000).

For men in the core working ages of 25 to 54, employment rose by 36,000 and among core-aged women, employment rose by 33,000, the largest gain for this group since January 2017. Employment was virtually unchanged for people aged 55 and older. 

For youth aged 15 to 24, employment held steady, and the unemployment rate was little changed at 11.9%.

The labour force participation rate decreased to 65.7 percent in September from 65.8 percent in August and compared with market expectations of 65.8 percent.

Canada Jobless Rate Falls to 3-Month Low of 5.5%

Statistics Canada | Agna Gabriel |
10/11/2019 12:46:17 PM