Canada's Unemployment Rate Up to 7.4% in September


Canada's employment increased for the second consecutive month in September, up 52,000, mainly in full-time work. The unemployment rate rose 0.1 percentage points to 7.4% as more people participated in the labour market.

Compared with 12 months earlier, employment was up 1.0% or 175,000, driven by an increase of 157,000 (+1.1%) in full-time work. The total number of hours worked rose by 1.4% over the same period.

In September, employment rose in Ontario and Manitoba and fell in Saskatchewan. There was little change in the other provinces.

There was more employment in a number of industries, including retail and wholesale trade; construction; information, culture and recreation as well as agriculture. Employment losses were primarily in "other services"; business, building and other support services; and natural resources.

The number of self-employed increased by 34,000 in September, while there was little change in the number of private and public sector employees. Despite the September increase in self-employment, year-over-year gains in total employment were primarily among private sector employees (+159,000).

The number of workers aged 25 to 54 increased in September, while there was little change in the other major demographic groups.


TradingEconomics.com, Statistics Canada
10/5/2012 1:51:15 PM