Saturday, November 5, 2016

Canadian Economy in October 2016 Adds 44,000 Job but....

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The economy gained 44,000 jobs last month -- fueled entirely by part-time employment, which offset a loss in full-time positions -- Statistics Canada said Friday, raising concerns that Canadians are having trouble securing gainful work.

The result is further evidence that Canada is struggling to create "quality, high-paying jobs," said David Madani, senior Canada economist at Capital Economics.

"Even though headline employment is rising, overall income growth still appears to be slowing sharply," Madani wrote in a note to clients.

The overall increase in employment was driven by 67,000 additional part-time positions for the month, while the number of full-time jobs fell by 23,000. The unemployment rate held steady at 7.0 per cent as more people entered the labour market, looking for work.

Economists had expected a loss of 10,000 jobs overall and the unemployment rate to remain unchanged, according to Thomson Reuters.

The increase in October follows an addition of some 67,000 jobs the previous month, which saw gains in both part-time and full-time work. There were also 26,000 jobs added to the economy in August.

CIBC chief economist Avery Shenfeld said the last two months showed big gains in total employment, but he expected a pullback this month.

A quick look at October unemployment (previous month in brackets):

  • Unemployment rate: 7.0 per cent (7.0)
  • Employment rate: 61.2 per cent (61.1)
  • Labour force participation rate: 65.8 per cent (65.7)
  • Number unemployed: 1,365,000 (1,363,100)
  • Number working: 18,160,600 (18,116,700)
  • Youth (15-24 years) unemployment rate: 13.0 per cent (13.2)
  • Men (25 plus) unemployment rate: 6.7 per cent (6.6)
  • Women (25 plus) unemployment rate: 5.2 per cent (5.3)


Here's what happened provincially (previous month in brackets):

  • Newfoundland and Labrador 14.9 per cent (13.6)
  • Prince Edward Island 11.7 (10.8)
  • Nova Scotia 7.6 (8.1)
  • New Brunswick 10.0 (9.3)
  • Quebec 6.8 (6.9)
  • Ontario 6.4 (6.6)
  • Manitoba 6.4 (6.4)
  • Saskatchewan 6.9 (6.8)
  • Alberta 8.5 (8.5)
  • British Columbia 6.2 (5.7)


Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities but cautions the figures may fluctuate widely because they are based on small statistical samples. (Previous month in brackets.)

  • St. John's, N.L. 8.2 per cent (7.0)
  • Halifax 6.0 (5.8)
  • Moncton, N.B. 6.9 (6.9)
  • Saint John, N.B. 7.6 (7.3)
  • Saguenay, Que. 7.0 (6.6)
  • Quebec 4.7 (4.7)
  • Sherbrooke, Que. 5.6 (5.8)
  • Trois-Rivieres, Que. 7.4 (7.1)
  • Montreal 7.2 (7.6)
  • Gatineau, Que. 7.3 (7.5)
  • Ottawa 5.9 (6.0)
  • Kingston, Ont. 5.6 (5.4)
  • Peterborough, Ont. 6.2 (6.0)
  • Oshawa, Ont. 6.0 (6.3)
  • Toronto 7.1 (7.1)
  • Hamilton, Ont. 6.4 (6.4)
  • St. Catharines-Niagara, Ont. 6.1 (6.0)
  • Kitchener-Cambridge-Waterloo, Ont. 5.1 (5.3)
  • Brantford, Ont. 6.2 (6.1)
  • Guelph, Ont. 4.7 (4.9)
  • London, Ont. 6.7 (7.0)
  • Windsor, Ont. 5.3 (5.7)
  • Barrie, Ont. 8.5 (8.5)
  • Sudbury, Ont. 7.4 (7.3)
  • Thunder Bay, Ont. 6.2 (5.9)
  • Winnipeg 6.7 (6.6)
  • Regina 5.4 (5.2)
  • Saskatoon 7.2 (6.9)
  • Calgary 10.2 (9.5)
  • Edmonton 6.9 (7.7)
  • Kelowna, B.C. 8.0 (7.3)
  • Abbotsford, B.C. 6.4 (6.0)
  • Vancouver 4.9 (4.9)
  • Victoria 5.0 (4.7)

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