Employment in Canada increased by 11.2 thousand in October 2018, after a 63.3 thousand gain in the previous month and above market expectations of 10 thousand. Jobs creation was concentrated in full-time positions (+33.9 thousand) while part-time jobs fell (-22.6 thousand). Employment rose slightly in Saskatchewan (+2,500), while there was little change in all other provinces. More people were employed in business, building and other support services (+22,000); wholesale and retail trade (+19,000); and health care and social assistance (+15,000). In contrast, there were fewer workers in "other services (-17,000);" finance, insurance, real estate, rental and leasing (-15,000); and natural resources (-7,100). There were fewer public sector employees (-31,000) in October, while there was little change in the number of private sector employees and the self-employed. Employment Change in Canada averaged 17.68 Thousand from 1976 until 2018, reaching an all time high of 94 Thousand in March of 2012 and a record low of -124.80 Thousand in January of 2009.
Employment Change in Canada is expected to be 17.65 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in Canada to stand at 17.68 in 12 months time. In the long-term, the Canada Employment Change is projected to trend around 17.68 Thousand in 2020, according to our econometric models.