Canada's Unemployment Rate Raises to 7.4% In November


Following a notable decrease the previous month, employment edged down 19,000 in November, and the unemployment rate rose by 0.1 percentage points to 7.4%. Despite the recent declines, employment was up 1.2% (+212,000) from 12 months earlier.

A decline of 53,000 in part-time work was partially offset by an increase of 35,000 in full-time. Compared with a year earlier, the number of part-time workers was down 1.9% (-62,000), while full-time employment grew by 2.0% (+274,000). Over the same period, the total number of hours worked increased at the same rate as total employment (+1.2%).

Employment declined in Quebec and Saskatchewan in November, while it increased in Nova Scotia. There was little change in the other provinces.

In November, there were employment losses in retail and wholesale trade, as well as business, building and other support services. These losses were partially offset by increases in "other services" (such as personal services and repair and maintenance), as well as in construction; natural resources; and utilities.

There were fewer self-employed workers in November (-28,000). Compared with a year earlier, most of the employment growth was among private sector employees (+1.9%), as employment was little changed among public sector employees (+0.4%) and the self-employed (-0.3%).

Employment declined among core-aged men and youths, while there were gains among women aged 55 and over.


TradingEconomics.com, Statistics Canada
12/4/2011 3:32:24 PM