Canada Adds 121K Jobs in 2014


Employment increased by 121,000 or 0.7 percent in 2014, with the bulk of the growth in September and October. The unemployment rate declined 0.5 percentage points to 6.7 percent.

Employment growth in the year was concentrated among men aged 25 and older. In December 2014, employment was little changed for women aged 25 to 54 compared with 12 months earlier.

Provincially, employment grew in Alberta, Manitoba, Saskatchewan and Ontario in 2014. At the same time, employment declined in Newfoundland and Labrador as well as in New Brunswick.

In the 12 months to December, employment increased in health care and social assistance, construction, and educational services, while it declined in 'other services.'

There were more private sector employees (+88,000 or +0.8 percent) compared with December 2013. The number of public sector employees and self-employed was little changed.

The population aged 15 and older grew by 1.1 percent in 2014, a faster pace than employment. As a result, the employment rate declined 0.2 percentage points to 61.3 percent.

The labour market participation rate trended downward throughout 2014, falling 0.6 percentage points to 65.7 percent in December 2014—the lowest since 2000. The downward trend in labour force participation was partly due to population ageing.

Figures for December of 2014 were revised to show unemployment rate at 6.7 percent from 6.6 percent previously reported. Employment fell by 11.3 thousand compared with a 5.3 thousand loss previously released. Full time employment increased by 35 thousand (compared with 53.5 thousand) while part-time employment fell less than initially estimated (- 46.3 thousand from -57.7 thousand).

Canada Adds 121K Jobs in 2014


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
1/28/2015 3:00:47 PM