Employment Numbers Hover in September
Apologies for the lateness of my normal commentary on the Employment numbers from Stats Canada, I was planning on doing it over the Long Weekend, but got diverted.
The Labor Force Survey for September showed some odd trends in it. For one a big drop in Part Time jobs, but then a large increase in Full Time jobs, which sounds like a good thing, but there really isn’t a very good index to figure out whether this is a good balance or not? If anyone knows of this kind of index, feel free to chime in.
So Unemployment edged down just a little, and employment stayed the same, but the question remains, what if we had 100% employment but all the jobs were part time? Could we then have 200% employment (i.e. part time folks with 2 jobs each?).
In September, the part-time employment decline of 44,000 was mostly offset by an increase of 37,000 in full time. Over the past year, however, part-time employment has grown by 4.6% (+146,000), a faster pace than the 1.5% growth in full time (+203,000).Employment among 15- to 24-year-olds declined in September. For workers aged 25 to 54, increases among men were offset by declines among women. Both men and women aged 55 and over posted employment increases.
So old men are finding jobs? I assume those might be part time as well?!?
Employment Trends For Past Year or So
Th Unemployment graph is a little more optimistic:
Unemployment Numbers Over Past Year or So
Ontario took it in the teeth with 23,000 jobs lost, so other areas of the country enjoyed an upswing.
Another disappointing quote is:
In September, employment in professional, scientific and technical services declined by 32,000 (-2.4%). Despite this drop, employment in this industry has grown by 86,000, or 7.2%, over the past 12 months, one of the highest rates of growth among all major industries.
Which means those with white(r) collars are feeling the pinch a little as well.
The BIG Table
Now look up….. waaaayyyy up…. and I’ll call Rusty, no wait, that’s the Friendly Giant, here is the BIG table of info.
| August 2010 | September 2010 | Aug to Sept 2010 | Sept 2009 to Sept 2010 | Aug to Sept 2010 | Sept 2009 to Sept 2010 | |
|---|---|---|---|---|---|---|
| Seasonally adjusted | ||||||
| thousands | change in thousands | % change | ||||
| Both sexes, 15 years and over | ||||||
| Population | 27,779.5 | 27,809.6 | 30.1 | 408.1 | 0.1 | 1.5 |
| Labour force | 18,727.1 | 18,702.7 | -24.4 | 314.1 | -0.1 | 1.7 |
| Employment | 17,216.3 | 17,209.7 | -6.6 | 349.0 | 0.0 | 2.1 |
| Full-time | 13,825.5 | 13,862.6 | 37.1 | 203.2 | 0.3 | 1.5 |
| Part-time | 3,390.8 | 3,347.1 | -43.7 | 145.8 | -1.3 | 4.6 |
| Unemployment | 1,510.9 | 1,493.0 | -17.9 | -34.9 | -1.2 | -2.3 |
| Participation rate | 67.4 | 67.3 | -0.1 | 0.2 | … | … |
| Unemployment rate | 8.1 | 8.0 | -0.1 | -0.3 | … | … |
| Employment rate | 62.0 | 61.9 | -0.1 | 0.4 | … | … |
| Part-time rate | 19.7 | 19.4 | -0.3 | 0.4 | … | … |
| Youths, 15 to 24 years | ||||||
| Population | 4,408.9 | 4,409.3 | 0.4 | 10.9 | 0.0 | 0.2 |
| Labour force | 2,862.5 | 2,821.0 | -41.5 | -1.5 | -1.4 | -0.1 |
| Employment | 2,443.5 | 2,401.6 | -41.9 | 5.6 | -1.7 | 0.2 |
| Full-time | 1,242.2 | 1,250.1 | 7.9 | -39.7 | 0.6 | -3.1 |
| Part-time | 1,201.3 | 1,151.6 | -49.7 | 45.5 | -4.1 | 4.1 |
| Unemployment | 419.0 | 419.4 | 0.4 | -7.1 | 0.1 | -1.7 |
| Participation rate | 64.9 | 64.0 | -0.9 | -0.2 | … | … |
| Unemployment rate | 14.6 | 14.9 | 0.3 | -0.2 | … | … |
| Employment rate | 55.4 | 54.5 | -0.9 | 0.0 | … | … |
| Part-time rate | 49.2 | 48.0 | -1.2 | 1.8 | … | … |
| Men, 25 years and over | ||||||
| Population | 11,433.0 | 11,447.7 | 14.7 | 198.1 | 0.1 | 1.8 |
| Labour force | 8,420.1 | 8,443.1 | 23.0 | 186.5 | 0.3 | 2.3 |
| Employment | 7,794.8 | 7,841.1 | 46.3 | 255.0 | 0.6 | 3.4 |
| Full-time | 7,179.2 | 7,213.3 | 34.1 | 221.4 | 0.5 | 3.2 |
| Part-time | 615.7 | 627.8 | 12.1 | 33.7 | 2.0 | 5.7 |
| Unemployment | 625.3 | 602.1 | -23.2 | -68.4 | -3.7 | -10.2 |
| Participation rate | 73.6 | 73.8 | 0.2 | 0.4 | … | … |
| Unemployment rate | 7.4 | 7.1 | -0.3 | -1.0 | … | … |
| Employment rate | 68.2 | 68.5 | 0.3 | 1.1 | … | … |
| Part-time rate | 7.9 | 8.0 | 0.1 | 0.2 | … | … |
| Women, 25 years and over | ||||||
| Population | 11,937.6 | 11,952.7 | 15.1 | 199.2 | 0.1 | 1.7 |
| Labour force | 7,444.5 | 7,438.5 | -6.0 | 128.9 | -0.1 | 1.8 |
| Employment | 6,977.9 | 6,967.0 | -10.9 | 88.3 | -0.2 | 1.3 |
| Full-time | 5,404.1 | 5,399.2 | -4.9 | 21.5 | -0.1 | 0.4 |
| Part-time | 1,573.8 | 1,567.7 | -6.1 | 66.7 | -0.4 | 4.4 |
| Unemployment | 466.6 | 471.6 | 5.0 | 40.7 | 1.1 | 9.4 |
| Participation rate | 62.4 | 62.2 | -0.2 | 0.0 | … | … |
| Unemployment rate | 6.3 | 6.3 | 0.0 | 0.4 | … | … |
| Employment rate | 58.5 | 58.3 | -0.2 | -0.2 | … | … |
| Part-time rate | 22.6 | 22.5 | -0.1 | 0.7 | … | … |
Now I’ll just close the big drawbridge after you leave…
Good bye, good bye...
Related posts brought to you by Yet Another Related Posts Plugin.
October 13th, 2010 at 4:46 AM
Employment Numbers Hover in September…
he Labor Force Survey for September showed some odd trends in it. For one a big drop in Part Time jobs, but then a large increase in Full Time jobs, which sounds like a good thing, but there really isn’t a very good index to figure out whether this is …
[Translate]
October 13th, 2010 at 6:15 AM
[...] This post was mentioned on Twitter by Ray, bigcajunman. bigcajunman said: Just Out, Employment Numbers Hover in September – http://ow.ly/1r7k9P #in [...]
[Translate]
October 13th, 2010 at 7:16 AM
Why did the Friendly Giant fire Rusty the Rooster?
Cuz he was always half in the bag…
On a more serious note, I have absolutely no idea if those numbers bode well or not… I’m just glad I’m still receiving paychecks!
[Translate]
October 13th, 2010 at 7:43 AM
Rusty always did sound kind of half-cut anyhow… he would always slur, “Heelloo Fffriendly…”
[Translate]
October 15th, 2010 at 5:08 PM
[...] Read the original: Employment Numbers Hover in September [...]
[Translate]
October 17th, 2010 at 4:06 AM
[...] any money at all.”EconomyBig Cajun Man at THE Canadian Personal Finance Site presents Employment Numbers Hover in September, saying “How do we manage to count full and part time jobs with the same weight in these [...]
[Translate]
October 17th, 2010 at 4:37 AM
[...] Cajun Man at THE Canadian Personal Finance Site presents Employment Numbers Hover in September, saying “How do we manage to count full and part time jobs with the same weight in these [...]
[Translate]
October 20th, 2010 at 10:48 AM
I am not too sure if the situation is improving. I am in touch with friends and we still don’t feel that the picture has improved or changed much. Companies are still hiring very selectively.
[Translate]
October 29th, 2010 at 8:26 AM
[...] happens: The credit card card issuer raises your interest rate or minimum payment, or your hours at work are cut, or you end up getting in an auto accident. Suddenly, your payments don’t seem as [...]
[Translate]