Canada's Unemployment Rate Up to 7.3% in October


Following an increase in September, employment declined by 54,000 in October, all in full time. October's loss pushed the unemployment rate up 0.2 percentage points to 7.3%. Over the last year, total employment has risen by 237,000 (+1.4%).

The number of full-time workers declined by 72,000 in October. Despite this loss, full-time employment has grown 1.6% (+226,000) compared with the same month a year earlier, while part-time employment was little changed. Over the same period, total actual hours worked increased by 1.6%.

The bulk of the decline in October occurred in manufacturing, followed by construction. Natural resources was the only industry to post notable gains for the month.

In October, employment declined among private sector employees. Compared with 12 months earlier, employment grew faster among private sector employees (+1.5%) than among their public sector counterparts (+1.2%) and the self-employed (+1.1%).

Employment fell in Ontario, British Columbia, Nova Scotia and Prince Edward Island, while it increased in Newfoundland and Labrador.


TradingEconomics.com, Statistics Canada
11/4/2011 12:07:00 PM