Canadian Unemployment Rate Edges Up

Canadian jobless rate increased to 7.1 percent in November of 2015 from 7.0 percent in the previous month and above market expectations. Employment decreased by 35.700 or 0.2 percent, while the number of unemployed went up by 0.9 percent.
Statistics Canada | Yekaterina Guchshina | 12/4/2015 2:27:38 PM
Unemployment increased by 12,500 to 1,364,800, while employment decreased by 35,700 to 17,986,800, after four straight months of job gains. Part-time employment declined by 72,300 while full-time increased by 36,600. Meantime, labour force decreased by 23,100 to 19,351,700. 

Compared with 12 months earlier, employment increased by 124,000 or 0.7 percent, with all the growth in full-time work. Over the same period, the number of hours worked grew by 1.1 percent.

In November, employment declined among youths aged 15 to 24, while there was little change among the other demographic groups.

Provincially, employment fell in Alberta, Manitoba, New Brunswick and Prince Edward Island. In the other provinces, employment was virtually unchanged.

There were fewer people employed in public administration; wholesale and retail trade; information, culture and recreation; as well as finance, insurance, real estate and leasing. At the same time, there were more people employed in professional, scientific and technical services, manufacturing, construction, and agriculture.

The number of employees decreased in both the private and public sectors in November, while the number of self-employed increased.

The participation rate decreased to 65.8 percent from 66 percent in the previous month.

Youth unemployment rate decreased to 12.7 percent to 13.3 percent.

Canadian Unemployment Rate Edges Up