Unemployment

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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:

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.

Read More »Unemployment is like it is 2008 Again

Lost full-time jobs in Canada replace by part-time ones? Unions should take part in the discussion during the next Federal Election. Unemployment Stats Canada, July 2014

The unemployment rate rose 0.1% in June 2014, but employment also saw an increase year-over-year in Canada. Find out what Stats Canada has to say about job creation in the latest Labour Force Survey.