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Less Employed in October 2009 8.6% Unemployed

in Stats Canada, Unemployment

From November 2009, the October 2009 Unemployment and Employment Numbers.

Friday we found out that the growth in employment we had been seeing in the past two months was short lived and there are now 43000 less folks working than the previous month (not a heartening thought for those still looking for jobs).  This seems to suggest that the optimism over the economy may have been a tad premature, given there are 43000 less jobs, and there are in fact more folks looking for jobs as well (less jobs and more lookers, is not a good thing).

Less Employed in October
Less Employed in October 2009

Compared with the peak of October 2008, employment is down 400,000 (-2.3%), with the bulk of the decline (-357,000) occurring during the first five months of the labour market downturn.

This is just not a good statistic no matter how you look at it. This means there are more folks still looking for jobs and not finding them (again I count myself as very lucky in finding the job I did, when I did, as I do know of folks who are still looking).

Unemployment Rate goes up again in October 2009
Unemployment Rate spikes again

Where were these losses?

Declines in the number of private (-45,000) and public (-26,000) sector employees in October were partially offset by gains in self-employment (+28,000).

Since October 2008, the number of employees in the private sector has fallen by 4.1%, a faster rate of decline than in the public sector (-1.6%). Self-employment, meanwhile, has increased by 3.9%.

Wow, more “self employed” but what does that mean? Are these people contracting, or are they finding something part time?

The Big Picture

Here is the big table, check it out:

  Sept 2009 Oct 2009 Sept to Oct 2009 Oct 2008 to Oct
2009
Sept to Oct 2009 Oct
2008 to Oct 2009
  Seasonally adjusted
  thousands change in thousands % change
Both sexes, 15 years and over            
Population 27,401.5 27,433.1 31.6 389.0 0.1 1.4
Labour force 18,387.8 18,382.2 -5.6 35.9 0.0 0.2
Employment 16,838.0 16,794.8 -43.2 -399.9 -0.3 -2.3
Full-time 13,609.6 13,626.1 16.5 -378.1 0.1 -2.7
Part-time 3,228.4 3,168.7 -59.7 -21.8 -1.8 -0.7
Unemployment 1,549.7 1,587.4 37.7 435.9 2.4 37.9
Participation rate 67.1 67.0 -0.1 -0.8
Unemployment rate 8.4 8.6 0.2 2.3
Employment rate 61.4 61.2 -0.2 -2.4
Part-time rate 19.2 18.9 -0.3 0.3
Youths, 15 to 24
years
           
Population 4,398.4 4,399.1 0.7 17.2 0.0 0.4
Labour force 2,821.8 2,813.2 -8.6 -147.4 -0.3 -5.0
Employment 2,395.2 2,375.3 -19.9 -225.2 -0.8 -8.7
Full-time 1,271.1 1,283.5 12.4 -154.8 1.0 -10.8
Part-time 1,124.1 1,091.8 -32.3 -70.5 -2.9 -6.1
Unemployment 426.6 437.8 11.2 77.8 2.6 21.6
Participation rate 64.2 63.9 -0.3 -3.7
Unemployment rate 15.1 15.6 0.5 3.4
Employment rate 54.5 54.0 -0.5 -5.3
Part-time rate 46.9 46.0 -0.9 1.3
Men, 25 years and over            
Population 11,249.6 11,265.9 16.3 189.3 0.1 1.7
Labour force 8,244.1 8,247.3 3.2 52.3 0.0 0.6
Employment 7,561.9 7,563.0 1.1 -177.1 0.0 -2.3
Full-time 6,967.7 6,981.3 13.6 -191.2 0.2 -2.7
Part-time 594.2 581.7 -12.5 14.0 -2.1 2.5
Unemployment 682.2 684.3 2.1 229.4 0.3 50.4
Participation rate 73.3 73.2 -0.1 -0.8
Unemployment rate 8.3 8.3 0.0 2.7
Employment rate 67.2 67.1 -0.1 -2.8
Part-time rate 7.9 7.7 -0.2 0.4
Women, 25 years
and over
           
Population 11,753.5 11,768.1 14.6 182.5 0.1 1.6
Labour force 7,321.8 7,321.8 0.0 131.1 0.0 1.8
Employment 6,880.9 6,856.5 -24.4 2.4 -0.4 0.0
Full-time 5,370.8 5,361.3 -9.5 -32.2 -0.2 -0.6
Part-time 1,510.1 1,495.2 -14.9 34.7 -1.0 2.4
Unemployment 440.9 465.3 24.4 128.7 5.5 38.2
Participation rate 62.3 62.2 -0.1 0.1
Unemployment rate 6.0 6.4 0.4 1.7
Employment rate 58.5 58.3 -0.2 -0.9
Part-time rate 21.9 21.8 -0.1 0.5

Previous Months Unemployment for 2009

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