Even though Canada is no longer in a recession (by definition) we now found out that the job picture became much gloomier in November. Stats Canada published their Labour Force Survey for November 2015 on Friday, and their summary is quite clear in terms of how things are going with jobs:
Employment decreased by 36,000 (-0.2%) in November, the result of losses in part-time work. The overall employment decline in November followed a similar-sized increase in October. The unemployment rate increased by 0.1 percentage points to 7.1% in November.
Losses in part-time jobs can happen, but in November? Aren’t there more jobs in retail and such? In case you think there are no puzzling bits of data in the report, there is.
Compared with 12 months earlier, employment increased by 124,000 or 0.7%, with all the growth in full-time work. Over the same period, the number of hours worked grew by 1.1%.
So there are more full-time jobs being done since last year at this time, and there are more hours being worked? Confusing, but still a bit of good news at least.
More people working, but a dip this past month.
The unemployment graph shows a step up as well.
The telling story for me is the following statement:
In November, employment fell by 24,000 among youths aged 15 to 24.
So fewer young folks with jobs? I guess that stands to reason as they are the ones that work those lost part-time jobs mostly (or am I just rationalizing here).
Tables from the article, which you really should check out, as they are all quite interesting.
- Table 1 Labour force characteristics by age and sex – Seasonally adjusted
- Table 2 Employment by class of worker and industry (based on NAICS) – Seasonally adjusted
- Table 3 Labour force characteristics by province – Seasonally adjusted
Labour News for 2015
Here are some of the posts about jobs from this past year:
- More Ladies Aged 55 and 0lder Working in October in Canada
- More Working but also Unemployed in September
- Ironic Labour Numbers on Labour Day for August
- 6600 More Jobs in Canada in July
- More Full Time Jobs in Canada in June
- More Full Time Work in Canada in May
- Less Part Time Jobs in April in Canada
- More Part-Time Jobs in Canada, Yea?!?
- Unemployment Up in February in Canada
- More Part Time Jobs in Canada in January