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Canajun Finances Home » Good Job Picture for Sept 2014 in Canada

Good Job Picture for Sept 2014 in Canada

Friday before the Long Weekend our friends at Stats Canada published some relatively good news for the Canadian Economy, with 74000 more folks employed in September (2014). Coincidently the unemployment rate dropped 2/10 of a percent as well, so all in all a rosier picture, with unemployment the lowest it has been since December 2008 (nearly the beginning of the economic collapse).

Empoloyment
Chart 1 Employment for past while

The graph seems to look more optimistic. The areas where employment increased the most was youths aged 15 to 24 and women aged 25 to 54. More youth employment is a very good thing for the economy, as this is the area where employment has lagged badly since the great collapse.

The sectors where there were increases in employment were in accommodation and food services; health care and social assistance; construction; natural resources; also in finance, insurance, real estate and leasing. There was some bad employment news was numbers were down in educational services.

For me, an excellent piece of news is that the number of private sector employees increased in September, which means the economy is creating jobs (not just the government).

Adjusted to the concepts used in the United States, the unemployment rate in Canada was 5.9% in September, the same as the US rate.

It’s good to see we are keeping up with our American cousins in terms of job creation.

Unemployment
Unemployment Graph for the Past Little While

The Big Table

As usual I include some data from the Big Data tables from Stats Canada so you can see the data yourself and make your conclusions:

Employment by class of worker and industry (based on NAICS1) – Seasonally adjusted

  August 2014 September 2014 Std error2 August to
Sept 2014
Sept 2013
to Sept 2014
August to Sept
2014
Sept 2013
to Sept 2014
  thousands change in thousands % change
Class of worker              
Employees 15,096.8 15,226.4 35.6 129.6 150.2 0.9 1.0
Self-employed 2,754.7 2,699.1 25.9 -55.6 0.2 -2.0 0.0
Public/private sector employees              
Public 3,676.0 3,682.0 25.0 6.0 88.1 0.2 2.5
Private 11,420.8 11,544.4 38.2 123.6 62.0 1.1 0.5
All industries 17,851.4 17,925.5 28.5 74.1 150.4 0.4 0.8
Goods-producing sector 3,835.9 3,896.1 26.0 60.2 -12.8 1.6 -0.3
Agriculture 298.4 295.2 7.8 -3.2 -19.3 -1.1 -6.1
Natural resources3 352.2 379.9 7.9 27.7 -1.1 7.9 -0.3
Utilities 150.2 148.9 5.3 -1.3 -2.9 -0.9 -1.9
Construction 1,322.7 1,352.6 17.6 29.9 13.3 2.3 1.0
Manufacturing 1,712.4 1,719.5 18.9 7.1 -2.9 0.4 -0.2
Services-producing sector 14,015.6 14,029.4 34.4 13.8 163.2 0.1 1.2
Trade 2,713.3 2,700.4 24.3 -12.9 -20.9 -0.5 -0.8
Transportation and warehousing 887.4 878.6 14.6 -8.8 18.9 -1.0 2.2
Finance, insurance, real estate and leasing 1,087.7 1,108.6 16.7 20.9 -31.1 1.9 -2.7
Professional, scientific and technical services 1,391.2 1,376.2 18.7 -15.0 25.8 -1.1 1.9
Business, building and other support services 693.6 694.7 14.2 1.1 -33.5 0.2 -4.6
Educational services 1,331.1 1,286.9 16.2 -44.2 10.6 -3.3 0.8
Health care and social assistance 2,216.8 2,248.5 19.4 31.7 69.3 1.4 3.2
Information, culture and recreation 796.6 788.9 14.8 -7.7 -0.8 -1.0 -0.1
Accommodation and food services 1,149.3 1,196.9 17.1 47.6 64.2 4.1 5.7
Other services 770.3 775.6 13.5 5.3 -0.1 0.7 0.0
Public administration 978.5 974.2 12.4 -4.3 60.9 -0.4 6.7
1.North American Industry Classification System.
2.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.
3.Also referred to as forestry, fishing, mining, quarrying, oil and gas.
Note(s): 
Related CANSIM tables 282-0088 and 282-0089. The sum of individual categories may not always add up to the total as a result of rounding.

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