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Unemployment Up in November

Even though Canada is no longer in a recession (by definition), we found out that the job picture became much gloomier in November. Stats Canada published their Labour Force Survey for November 2015 on Friday, and their summary is quite evident in terms of how things are going with jobs:

Employment decreased by 36,000 (-0.2%) in November, the result of losses in part-time work. The overall employment decline in November followed a similar-sized increase in October. The unemployment rate increased by 0.1 percentage points to 7.1% in November.

Losses in part-time jobs can happen but in November? Aren’t there more jobs in retail and such? If you think there are no puzzling bits of data in the report, there are.

Compared with 12 months earlier, employment increased by 124,000 or 0.7%, with all the growth in full-time work. Over the same period, the number of hours worked grew by 1.1%.

So there are more full-time jobs being done since last year, and more hours are being worked? Confusing, but still a bit of good news at least.

More people are working, but a dip this past month.

Employment Numbers
Employment for Past 5 years

The unemployment graph shows a step up as well.

Unemployment for past 5 years
Unemployment for past 5 years

The telling story for me is the following statement:

In November, employment fell by 24,000 among youths aged 15 to 24.

So fewer young folks with jobs? I guess that stands to reason as they mostly work those lost part-time jobs (or am I just rationalizing here).

You should check out the tables from the article, as they are all quite interesting.

Labour News for 2015

Here are some of the posts about jobs from this past year:

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