Latest Canada Jobs Figures Denotes Short-Term Decline

13 Feb 2018

As per the latest, Labour Force Survey conducted by Statistics Canada Full-time jobs in Canada increased but the number of working people overall decreased in January 2018.

The rate of unemployment increased by 0.1 percent to reach 5.9 percent for the month, the growth in 12-month employment was 289,000(1.6 percent). After registering an increase for two months, the figures for January were mere consolidation more than a significant decline.  The January 2018 rate is lower than 2017 when it was 6.8%.

The people working full time increased by 49,000 for the month, set against a decline in part-time employment of 137,000, making the overall decline to be 88,000 jobs.

Speaking demographically, there was no age-group or sex decline and the rate of unemployment for women between 25 to 54 years was steady at 4.9 percent, even after a reduction of 45,000 for core-aged women in work.

In the age group of 55 years and above, there was a decline in part-time work in canada reduced by 24,000 in January. This was in comparison to the growth by 187,000 (4.9 percent) seen in the last year.

For people aged between 15 and 24 years, full-time employment increase lost to part-time decrease with an overall decline of 22,000. There was little change in employment of core-age men.

Picture of Provincial Jobs

The provinces saw a decline mainly owing to part-time losses, in Ontario and Quebec. The provinces saw a decline of 51,000 and 17,000. The unemployment rate in Ontario was 5.5 percent, and in Quebec’s it was 5.4 percent.

Both the provinces had healthy gains in the year registering 104,000 in Ontario and 71,000 in Quebec, and their unemployment rate fell by 0.9 percent in the past 12 months.

Other provinces registered a small job decline. British Columbia was the leader with the unemployment rate being 4.8 percent.

Jobs Data based on Industry

The industry wise data showed a small decline over the month when compared to the increase seen last year.

There was a fall in all the categories like finance, Educational service, real estate, insurance, professional services, rental and leasing, scientific and technical services, construction as well as health care.

In the business, building and support services 11,000 jobs increased during the month.

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