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Canajun Finances Home » Unemployment Creeps Up for November 2014

Unemployment Creeps Up for November 2014

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).

Employment For the Past 5 Years

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).

Unemployment in Canada Past 5 Years
Seasonally Adjusted Unemployment For Past 5 Years

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
2014
Nov
2014
Std
err2
Oct to Nov
2014
Nov 2013
to Nov 2014
Oct to
Nov
2014
Nov
2013
to
Nov
2014
  thousands change in thousands % change
Class of worker              

Employees

15,243.2 15,220.2 35.7 -23.0 107.0 -0.2 0.7

Self-employed

2,725.4 2,737.7 25.5 12.3 39.1 0.5 1.4
Public/private sector employees              

Public

3,628.2 3,650.8 25.0 22.6 45.2 0.6 1.3

Private

11,615.0 11,569.4 37.9 -45.6 61.8 -0.4 0.5
All industries 17,968.6 17,957.9 28.9 -10.7 146.0 -0.1 0.8
Goods-producing sector 3,915.5 3,932.8 26.3 17.3 30.8 0.4 0.8
Agriculture 297.1 305.1 7.5 8.0 -2.7 2.7 -0.9
Natural resources3 357.7 372.5 7.4 14.8 -10.5 4.1 -2.7
Utilities 152.1 152.6 5.4 0.5 -2.8 0.3 -1.8
Construction 1,355.8 1,350.5 17.7 -5.3 37.3 -0.4 2.8
Manufacturing 1,752.7 1,752.3 19.6 -0.4 9.7 0.0 0.6
Services-producing sector 14,053.1 14,025.1 34.4 -28.0 115.3 -0.2 0.8
Trade 2,738.9 2,697.3 24.5 -41.6 -2.5 -1.5 -0.1
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
Educational services 1,308.6 1,314.5 16.2 5.9 18.7 0.5 1.4
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
Other services 749.6 754.7 13.8 5.1 -17.7 0.7 -2.3
Public administration 936.7 937.9 13.0 1.2 19.2 0.1 2.1
  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):

The sum of individual categories may not always add up to the total as a result of rounding.

Source(s):

CANSIM tables 282-0088 and 282-0089.

Feel Free to Comment

  1. Mourning BCM;
    Interesting to see that the public sector employment is growing faster than the private sector. Maybe we can all eventually get a job with the government, at whatever level, to get those health plans and pensions. Even better we should all be MP’s. After all are we the people not the government? Then we would really have nice pensions. What was it in Ontario last week? $56K severance pay for six months of…..work? More than many people make in a year.
    At any rate, like you said, the figures can be jossled, configured, manipulated , etc in which ever flavour is necessary to get your point across.

    On a side tangent, one of the best sayings i evr read was from On Walden Pond – The government which geverns the best is the government which governs the least.
    Sadly not the case in our civilized world.

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