Canada's Unemployment Remained at 7.4% in October


Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%.

Compared with 12 months earlier, employment increased 1.3% or 229,000, all in full-time work. The total number of hours worked also rose 1.3% over the same period. In October, employment grew in Quebec and Newfoundland and Labrador, while it fell in British Columbia and Manitoba. There was little change in the other provinces. The number of public sector employees increased by 37,000, offset by a decline in private sector employment, which includes both private sector employees and the self-employed. Total gains over the previous 12 months were among both private sector employees (+157,000 or +1.4%) and public sector employees (+74,000 or +2.1%). Employment in agriculture experienced a decline in October, while there was little change in the other industries. The number of workers among the major demographic groups was virtually unchanged in October.

TradingEconomics.com, Statistics Canada
11/2/2012 12:38:22 PM