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Canajun Finances Home » Unemployment Inches Down, Employment the Same

Unemployment Inches Down, Employment the Same

Stats Canada says that in March 2011 Unemployment inched down 0.1% however, employment figures hovered and remained unchanged. The good news is that the Employment numbers had losses in Part-Time jobs offset by increases in Full-Time positions, which is better for the economy overall (in my opinion).

Overall employment was unchanged in March, as gains in full-time work were offset by declines in part time. The unemployment rate edged down 0.1 percentage points to 7.7%. Over the past 12 months, employment has risen by 1.8% (+305,000).

Employment being up 1.8% over the year suggests Canada is recovering (Slowly) from the great Economic implosion of 2009, but there is still a long way to go.

RDSP, Employment, RESP, 401k
Employment for the past little while.

Full-time employment rose by 91,000 in March, and was offset by a decline of 92,000 in part time. This large full-time increase brought gains in full-time employment to 251,000 (+1.8%) over the past 12 months, while part time increased by 54,000 (+1.7%).

The full-time employment increases over the past year is a good thing. The increases were most noticed this past month with men 25 and over, while the losses were with youth 15-24 and women over 55 years old.

RESP, RDSP, 401k
Unemployment over the past little while

This graph is a bit more indicative of the Canadian recovery  from the bad days of 2009, slow but sure dropping of the Unemployed, but a long way off from the days of wine and roses of 2008.

The Big Table

As usual I include for my own interest, as much as anything else, the big table for employment.

Labour force characteristics by age and sex

Feb 2011 March 2011 Feb to
March 2011
March 2010 to
March 2011
Feb to
March 2011
March 2010 to
March 2011
Seasonally adjusted
thousands (except rates) change in thousands (except rates) % change
Both sexes, 15 years and over
Population 27,866.5 27,889.2 22.7 338.5 0.1 1.2
Labour force 18,678.0 18,663.1 -14.9 231.3 -0.1 1.3
Employment 17,229.6 17,228.1 -1.5 304.6 0.0 1.8
Full-time 13,843.1 13,933.7 90.6 250.8 0.7 1.8
Part-time 3,386.5 3,294.4 -92.1 53.8 -2.7 1.7
Unemployment 1,448.5 1,435.0 -13.5 -73.3 -0.9 -4.9
Participation rate 67.0 66.9 -0.1 0.0
Unemployment rate 7.8 7.7 -0.1 -0.5
Employment rate 61.8 61.8 0.0 0.4
Part-time rate 19.7 19.1 -0.6 0.0
Youths, 15 to 24 years
Population 4,458.8 4,458.6 -0.2 -1.3 0.0 0.0
Labour force 2,888.5 2,873.5 -15.0 -24.7 -0.5 -0.9
Employment 2,475.8 2,459.2 -16.6 11.7 -0.7 0.5
Full-time 1,286.1 1,298.8 12.7 22.6 1.0 1.8
Part-time 1,189.7 1,160.4 -29.3 -10.9 -2.5 -0.9
Unemployment 412.7 414.3 1.6 -36.3 0.4 -8.1
Participation rate 64.8 64.4 -0.4 -0.6
Unemployment rate 14.3 14.4 0.1 -1.1
Employment rate 55.5 55.2 -0.3 0.3
Part-time rate 48.1 47.2 -0.9 -0.7
Men, 25 years and over
Population 11,451.1 11,462.6 11.5 168.4 0.1 1.5
Labour force 8,351.0 8,377.8 26.8 157.6 0.3 1.9
Employment 7,783.1 7,815.5 32.4 207.7 0.4 2.7
Full-time 7,155.0 7,204.9 49.9 157.9 0.7 2.2
Part-time 628.2 610.5 -17.7 49.7 -2.8 8.9
Unemployment 567.9 562.3 -5.6 -50.1 -1.0 -8.2
Participation rate 72.9 73.1 0.2 0.3
Unemployment rate 6.8 6.7 -0.1 -0.7
Employment rate 68.0 68.2 0.2 0.8
Part-time rate 8.1 7.8 -0.3 0.4
Women, 25 years and over
Population 11,956.5 11,968.0 11.5 171.4 0.1 1.5
Labour force 7,438.6 7,411.8 -26.8 98.3 -0.4 1.3
Employment 6,970.6 6,953.4 -17.2 85.2 -0.2 1.2
Full-time 5,402.0 5,429.9 27.9 70.2 0.5 1.3
Part-time 1,568.7 1,523.5 -45.2 15.0 -2.9 1.0
Unemployment 467.9 458.4 -9.5 13.1 -2.0 2.9
Participation rate 62.2 61.9 -0.3 -0.1
Unemployment rate 6.3 6.2 -0.1 0.1
Employment rate 58.3 58.1 -0.2 -0.1
Part-time rate 22.5 21.9 -0.6 -0.1

Related CANSIM table 282-0087.

Addendum

What were the Employment numbers like for March 2010 ? Click back there and see, remember every month I post these numbers.

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