Canada's Unemployment Rate Drops in October

In October, employment remained virtually unchanged for the second consecutive month, as full-time gains offset part-time losses. The unemployment rate edged down to 7.9% and has been around 8% for the past seven months.

Since October 2009, total employment has risen by 375,000 (+2.2%), mostly the result of strength over the first half of 2010, when employment growth averaged 51,000 per month. In the last four months, however, monthly gains have averaged 5,700.

The number of private sector employees increased in October, while self-employment declined. Public sector employment was unchanged.

Full-time employment rose by 47,000 in October, while part-time fell by 44,000. Over the past three months, losses in part time have been offset by full-time gains.

Employment increased among people aged 55 and over, nearly all among women. At the same time, there was an offsetting decline in employment for those aged 25 to 54.

Alberta posted employment gains in October, while Nova Scotia registered a notable loss. There was little change in other provinces.

Losses in retail and wholesale trade were offset by gains in information, culture and recreation; construction; and agriculture. The construction industry continued its upward trend that started in July 2009.

Average hourly wages for employees increased by 2.1% in October compared with 12 months earlier.

Canada, Statistics Canada
11/8/2010 12:16:57 PM