On Friday Stats Canada published their Labour Force Survey for November, and more better news on the job front for Canada, with 15000 new jobs being created in November 2010.
Employment edged up by 15,000 in November. At the same time, there was a notable decline in the number of youths participating in the labour market. As a result, the unemployment rate fell 0.3 percentage points to 7.6%, the lowest since January 2009.
That is a big Unemployment drop as well, which is also good news (we know that better employment numbers doesn’t necessarily mean good unemployment percentages, so when the numbers seem to add up that is a good thing too). This month’s gains in employment were in the Part Time side of things, and in fact there was a drop in Full Time positions, which worries me, and I reiterate my point that these numbers need to reflect Full Time vs. Part Time job gains or losses, to be really complete.
This graph gives us a little more optimism, showing the deep valley that the Financial Apocalypse caused, and the fact we are finally climbing out of that valley is a very good thing.
It’s interesting to see that the Unemployment graph does not really have much of a correlation with the Employment graph in terms of shape, except that it does have a huge jump but the decline is not as pronounced as in the Employment graph.
The Big Table
As usual I supply one of the many tables supplied by Stats Canada, to show how the raw data breaks down. This table shows employment numbers by age group, which for an older person like myself is much more important
| October 2010 |
November 2010 |
Oct to Nov 2010 |
Nov 2009 to Nov 2010 |
Oct to Nov 2010 |
Nov 2009 to Nov 2010 |
|
|---|---|---|---|---|---|---|
| Seasonally adjusted | ||||||
| thousands | change in thousands | % change | ||||
| Both sexes, 15 years and over | ||||||
| Population | 27,840.4 | 27,868.9 | 28.5 | 405.6 | 0.1 | 1.5 |
| Labour force | 18,698.4 | 18,654.8 | -43.6 | 199.7 | -0.2 | 1.1 |
| Employment | 17,212.7 | 17,227.9 | 15.2 | 318.2 | 0.1 | 1.9 |
| Full-time | 13,909.8 | 13,898.3 | -11.5 | 191.7 | -0.1 | 1.4 |
| Part-time | 3,302.9 | 3,329.6 | 26.7 | 126.6 | 0.8 | 4.0 |
| Unemployment | 1,485.7 | 1,426.9 | -58.8 | -118.5 | -4.0 | -7.7 |
| Participation rate | 67.2 | 66.9 | -0.3 | -0.3 | … | … |
| Unemployment rate | 7.9 | 7.6 | -0.3 | -0.8 | … | … |
| Employment rate | 61.8 | 61.8 | 0.0 | 0.2 | … | … |
| Part-time rate | 19.2 | 19.3 | 0.1 | 0.4 | … | … |
| Youths, 15 to 24 years | ||||||
| Population | 4,409.8 | 4,410.7 | 0.9 | 10.8 | 0.0 | 0.2 |
| Labour force | 2,827.4 | 2,787.0 | -40.4 | -47.6 | -1.4 | -1.7 |
| Employment | 2,402.7 | 2,407.5 | 4.8 | 17.7 | 0.2 | 0.7 |
| Full-time | 1,251.1 | 1,260.8 | 9.7 | -14.4 | 0.8 | -1.1 |
| Part-time | 1,151.5 | 1,146.7 | -4.8 | 32.1 | -0.4 | 2.9 |
| Unemployment | 424.7 | 379.5 | -45.2 | -65.3 | -10.6 | -14.7 |
| Participation rate | 64.1 | 63.2 | -0.9 | -1.2 | … | … |
| Unemployment rate | 15.0 | 13.6 | -1.4 | -2.1 | … | … |
| Employment rate | 54.5 | 54.6 | 0.1 | 0.3 | … | … |
| Part-time rate | 47.9 | 47.6 | -0.3 | 1.0 | … | … |
| Men, 25 years and over | ||||||
| Population | 11,462.5 | 11,476.4 | 13.9 | 196.0 | 0.1 | 1.7 |
| Labour force | 8,411.5 | 8,414.0 | 2.5 | 156.2 | 0.0 | 1.9 |
| Employment | 7,834.5 | 7,836.1 | 1.6 | 230.8 | 0.0 | 3.0 |
| Full-time | 7,220.3 | 7,233.4 | 13.1 | 224.1 | 0.2 | 3.2 |
| Part-time | 614.3 | 602.7 | -11.6 | 6.7 | -1.9 | 1.1 |
| Unemployment | 576.9 | 577.9 | 1.0 | -74.6 | 0.2 | -11.4 |
| Participation rate | 73.4 | 73.3 | -0.1 | 0.1 | … | … |
| Unemployment rate | 6.9 | 6.9 | 0.0 | -1.0 | … | … |
| Employment rate | 68.3 | 68.3 | 0.0 | 0.9 | … | … |
| Part-time rate | 7.8 | 7.7 | -0.1 | -0.1 | … | … |
| Women, 25 years and over | ||||||
| Population | 11,968.0 | 11,981.7 | 13.7 | 198.7 | 0.1 | 1.7 |
| Labour force | 7,459.5 | 7,453.8 | -5.7 | 91.1 | -0.1 | 1.2 |
| Employment | 6,975.5 | 6,984.3 | 8.8 | 69.7 | 0.1 | 1.0 |
| Full-time | 5,438.4 | 5,404.1 | -34.3 | -18.1 | -0.6 | -0.3 |
| Part-time | 1,537.1 | 1,580.2 | 43.1 | 87.7 | 2.8 | 5.9 |
| Unemployment | 484.1 | 469.5 | -14.6 | 21.4 | -3.0 | 4.8 |
| Participation rate | 62.3 | 62.2 | -0.1 | -0.3 | … | … |
| Unemployment rate | 6.5 | 6.3 | -0.2 | 0.2 | … | … |
| Employment rate | 58.3 | 58.3 | 0.0 | -0.4 | … | … |
| Part-time rate | 22.0 | 22.6 | 0.6 | 1.0 | … | … |
