Stats Canada came out with their Labour Force Survey on Friday, and had a lump of coal for the festive season with a reported increase in Unemployment from 6.5% to 6.6% (in November (in Canada)).
The year over year employment story is much better (but don’t ever mistake employment news and unemployment news, as they are measured quite differently).
Compared with November 2013, employment increased by 146,000 (+0.8%), with part-time and full-time work up 1.9% and 0.6% respectively. Over the same period, the total number of hours worked was little changed (+0.1%).
Don’t let that rosy sounding news fool you though, there are more folks unemployed, and in the following graph you can see the employment “dip” (as it were).
For older folk such as myself the employment picture is less happy, with less jobs for men aged 55 and over, as well less jobs overall in Retail and Scientific and Technical services (all in all not good news for old geeks like me).
The unemployment saw tooth graph continues on with many ups and downs (but an overall downward trend).
The seasonally adjusted unemployment rate while a little higher is still much better than it was last year at this time. In Ontario overall there were 34,000 less jobs last month.
Employment by Class of Worker
As usual I include one of the larger data tables, for your perusal and enjoyment.
Employment by class of worker and industry (based on NAICS1) – Seasonally adjusted
|Oct to Nov
to Nov 2014
|thousands||change in thousands||% change|
|Class of worker|
|Public/private sector employees|
|Transportation and warehousing||886.7||872.4||14.2||-14.3||0.8||-1.6||0.1|
|Finance, insurance, real estate and leasing||1,144.3||1,155.6||16.8||11.3||23.0||1.0||2.0|
|Professional, scientific and technical services||1,380.1||1,347.2||18.6||-32.9||-11.7||-2.4||-0.9|
|Business, building and other support services||704.3||713.4||14.4||9.1||-14.5||1.3||-2.0|
|Health care and social assistance||2,236.9||2,248.4||19.5||11.5||63.2||0.5||2.9|
|Information, culture and recreation||776.7||780.1||14.8||3.4||-21.6||0.4||-2.7|
|Accommodation and food services||1,190.4||1,203.5||17.2||13.1||58.3||1.1||5.1|
- North American Industry Classification System.
- Average standard error for change in two consecutive months. See “Sampling variability of estimates” in the section “About the Labour Force Survey” at the end of the publication Labour Force Information(Catalogue number71-001-X) for further explanations.
- Also referred to as forestry, fishing, mining, quarrying, oil and gas.
The sum of individual categories may not always add up to the total as a result of rounding.