Canada’s Unemployment Rate Edges Down to 7.0%

Canadian jobless rate decreased to 7.0 percent in October of 2015 from a 7.1 percent in the previous month and below market expectations. Employment increased by 44.000 (+0.2 percent), bringing the number of people employed in Canada to over 18 million for the first time.
Statistics Canada | Yekaterina Guchshina | 11/6/2015 2:20:30 PM
Unemployment decreased by 12,200 to 1,352,300 from 1,364,500 in September, while employment increased by 44,400 to 18,022,500, the highest in five months and the fourth consecutive increase. Part-time employment rose by 35,400 and full time by 9,000. Meanwhile labour force increased by 32,200 to 19,374,800 from 19,342,600. 

Compared with 12 months earlier, employment was up 143,000 (+0.8%), with all of the gains in full-time work. During the same period, the total number of hours worked grew by 0.7%.

In October, employment increased for women aged 55 and older and fell among women aged 25 to 54. There was little change for the other demographic groups.

Ontario, British Columbia, New Brunswick and Manitoba saw gains in employment, while Alberta recorded a decline. There was little or no change in the other provinces.

In October, more people were employed in public administration, wholesale and retail trade, as well as accommodation and food services. On the other hand, employment decreased in the 'other services' industry, natural resources and utilities.

Both the private and public sectors saw an increase in the number of employees in October, while the number of self-employed workers decreased.

The participation rate increased to 66 percent from 65.9 percent in the previous month. 

Youth unemployment rate decreased to 13.3 percent from 13.5 percent in the previous month.

Canada’s Unemployment Rate Edges Down to 7.0%