According to Statistics Canada, the country’s employment saw an increase of 35,000 jobs, predominantly part-time, causing concerns over worker benefits and job security. Over the past 12 months, employment rose by 0.7% with majority of the growth happening in the second half. In January, part-time employment spiked by 47,000 while full-time saw no significant changes. This trend of rising employment, driven mainly by part-time roles, has been prevalent for the last five years. The growth was largely attributed to women aged 55 and over, suggesting older employees are increasingly filling part-time job vacancies.
Unemployment in Canada rose to 6.6% in November 2014 – Stats Canada’s Labour Force Survey. Learn more about the dip in employment and how it affects older folk here.
On Friday Stats Canada came out with another happier Jobs Report, reporting that Employment Numbers up and the Unemployment rate down to where it was in 2008 (before all the economic silliness of the past few years). Their exact statement was:
Employment rose for the second consecutive month, up 43,000 in October. This pushed the unemployment rate down 0.3 percentage points to 6.5%, the lowest rate since November 2008.
Quite cheery numbers given it does not seem like we are in an extensive recovery, but these numbers suggest that at least we are back to where we were in terms of unemployment (if you believe those numbers, that is).
The unemployment graph looks quite encouraging:
Unemployment for the Past Little While
The more interesting numbers are in the detailed sections, where Stats Can points out:
Compared with October 2013, part-time employment rose by 101,000 (+3.0%) and full-time employment was up 81,000 (+0.6%). Over the same period, the number of hours worked rose slightly (+0.4%).
So the economy continues to grow part-time jobs, how many of our young folks are working multiple part-time jobs to be able to live? That would be a very interesting stat, but the number of hours worked rose so that hints that there are more hours being worked at least.
Unemployment rate dropped 2/10 of a percent as Stats Canada published news for Canadian Economy with 74000 more employed in September 2014. Employment for the past while looks to be more optimistic. Youth employment increased for the economy. For September 2014.
