Canada Jobless Rate Remains at 7% in October
Unemployment Rate in Canada remained unchanged at 7 percent in October of 2016 as more people participated in the labour market (+46K). Employment rose by 44K (or 0.2 percent).
In the 12 months to October, employment increased by 140,000 (or 0.8 percent), mostly in part-time work (+124,000 or +3.6 percent). At the same time, the total number of hours worked was little changed.
Employment among youths aged 15 to 24, increased by 26,000 in October, with all of the gains in part-time work. The unemployment rate for this group was virtually unchanged at 13 percent as more youth participated in the labour market. Employment for men aged 25 to 54 increased slightly (+16,000) and their unemployment rate was little changed at 6.4 percent, while for both groups of women aged 25 to 54 and people aged 55 and older, employment was virtually unchanged.
Provincially, employment rose in Ontario and British Columbia, while it fell in Newfoundland and Labrador. Meantime, In Quebec, employment was virtually unchanged in October, following two consecutive months of gains.
On a year-over-year basis, employment increased in construction (by 47,000); educational services (by 34,000), private sector (by 101,000) and other services (by 22,000). In wholesale and retail trade, public administration and also business, building, and other support services was little changed, while it fell in natural resources (by -20,000).
11/4/2016 1:27:09 PM