Less Jobs in January in Canada

Our friends over at Stats Canada published their Labour Force Survey for January 2013 on Friday and the news was not as good as it has been in the past few months, with 22,000 jobs less in the Canadian Economy. Unemployment did not increase though, because there were less folks looking for jobs (again, not a good piece of news either).

Employment in Canada

Employment for the Past Little While

This could be down to a post Christmas sag in jobs, but with Best Buy starting to shut down many of their big box electronics stores, this could be a pre-cursor to a larger retail drop in jobs. With the growing generation of under-employed youngsters a retail shrinkage could hurt a great deal.

Public sector employment fell by 27,000 in January, while self-employment was up slightly and the number of private sector employees was little changed. Compared with 12 months earlier, the number of private sector employees increased by 1.9% or 210,000, while the number of public sector employees and self-employed was little changed.

Good to hear the private sector is creating more jobs, the Canadian economy relies heavily on those public servants out there, and I suspect there is going to be a great deal more cutting in the Public Sector.

Unemployment

Unemployment for the Past Little While (in Canada)

The unemployment graph again can be deceptive given you have less folks actually looking for jobs.

The Big Table

Here is one of the 3 Big Tables that Stats Canada supplies that breaks the information down so you can better comprehend how you fit in these numbers:

Labour force characteristics by age and sex – Seasonally adjusted

December 2012 January 2013 December 2012 to January 2013 January 2012 to January 2013 December 2012 to January 2013 January 2012 to January 2013
thousands (except rates) change in thousands (except rates) % change
Both sexes, 15 years and over
Population 28,468.6 28,501.2 32.6 344.8 0.1 1.2
Labour force 19,026.0 18,968.5 -57.5 193.5 -0.3 1.0
Employment 17,667.6 17,645.7 -21.9 286.4 -0.1 1.6
Full-time 14,360.0 14,339.4 -20.6 285.2 -0.1 2.0
Part-time 3,307.6 3,306.2 -1.4 1.1 0.0 0.0
Unemployment 1,358.4 1,322.8 -35.6 -92.9 -2.6 -6.6
Participation rate 66.8 66.6 -0.2 -0.1
Unemployment rate 7.1 7.0 -0.1 -0.5
Employment rate 62.1 61.9 -0.2 0.2
Part-time rate 18.7 18.7 0.0 -0.3
Youths, 15 to 24 years
Population 4,456.1 4,454.7 -1.4 -2.3 0.0 -0.1
Labour force 2,836.0 2,831.5 -4.5 -17.0 -0.2 -0.6
Employment 2,435.1 2,449.4 14.3 14.9 0.6 0.6
Full-time 1,276.1 1,301.0 24.9 27.5 2.0 2.2
Part-time 1,159.0 1,148.3 -10.7 -12.7 -0.9 -1.1
Unemployment 400.8 382.1 -18.7 -31.9 -4.7 -7.7
Participation rate 63.6 63.6 0.0 -0.3
Unemployment rate 14.1 13.5 -0.6 -1.0
Employment rate 54.6 55.0 0.4 0.4
Part-time rate 47.6 46.9 -0.7 -0.8
Men, 25 years and over
Population 11,753.6 11,770.7 17.1 174.2 0.1 1.5
Labour force 8,566.7 8,544.5 -22.2 112.6 -0.3 1.3
Employment 8,050.4 8,021.3 -29.1 143.1 -0.4 1.8
Full-time 7,444.0 7,418.2 -25.8 152.5 -0.3 2.1
Part-time 606.4 603.0 -3.4 -9.5 -0.6 -1.6
Unemployment 516.3 523.2 6.9 -30.5 1.3 -5.5
Participation rate 72.9 72.6 -0.3 -0.1
Unemployment rate 6.0 6.1 0.1 -0.5
Employment rate 68.5 68.1 -0.4 0.2
Part-time rate 7.5 7.5 0.0 -0.3
Women, 25 years and over
Population 12,258.9 12,275.8 16.9 172.9 0.1 1.4
Labour force 7,623.3 7,592.5 -30.8 97.9 -0.4 1.3
Employment 7,182.1 7,175.0 -7.1 128.4 -0.1 1.8
Full-time 5,639.9 5,620.2 -19.7 105.1 -0.3 1.9
Part-time 1,542.2 1,554.9 12.7 23.4 0.8 1.5
Unemployment 441.2 417.5 -23.7 -30.5 -5.4 -6.8
Participation rate 62.2 61.8 -0.4 -0.1
Unemployment rate 5.8 5.5 -0.3 -0.5
Employment rate 58.6 58.4 -0.2 0.2
Part-time rate 21.5 21.7 0.2 0.0
not applicable
Note(s): 
Related CANSIM table 282-0087.

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