Canadian Jobless Rate Highest Since March 2014


Canadian unemployment rate edged up to 7.1 percent in September of 2015, up from 7 percent in the previous month and missing market expectations of 6.9 percent. The number of unemployed went up by 1.4 percent while employment rose only by 0.1 percent.

Unemployment increased by 18,400 to 1,364,500 from 1,346,100 in August, while employment was little changed for the fourth consecutive month in September rising by 12,100 to 17,978,100, as part-time employment rose by 74,000, being largely offset by a decline of 62,000 in full time. Meanwhile labour force increased by 30,600 to 19,342,600 from 19,312,000. 

Following gains of 63,000 (+0.4%) in the first quarter, and 33,000 (+0.2%) in the second quarter, employment grew by 31,000 (+0.2%) in the third quarter of 2015.

In the 12 months to September, employment increased by 161,000 (+0.9%), with all of the gains in full-time work. Over the same period, the total number of hours worked rose by 1.1%.

In September, employment increased among people aged 55 and older and was little changed for the other demographic groups.

Provincially, employment rose in British Columbia, Alberta, Manitoba, Nova Scotia, Saskatchewan and Prince Edward Island, while it fell in Ontario as well as Newfoundland and Labrador.

In September, there were more people employed in information, culture and recreation; 'other services'; health care and social assistance; as well as business, building and other support services. At the same time, employment declined in educational services.

The number of self-employed workers increased, while public sector employment declined. There was little change in the number of private sector employees.

Canadian Jobless Rate Highest Since March 2014


Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/9/2015 2:15:58 PM