As per the new Labour Force Survey, Newfoundland and British Columbia had the maximum job growth in October.
According to Statistics Canada, between October 2018 and October 2019, Canada created 443,000 new jobs.
The survey showed that the national employment rate remained steady at 5.5%. However, as Canada scrapped 1,800 net jobs, the overall employment fell slightly during October. In contrast, August and September saw large employment gains.
In October, British Columbia created 15,000 new jobs. The unemployment rate in the province held steady at 4.7%, which was the lowest among all provinces in Canada.
Newfoundland and Labrador created 2,700 new jobs in October.
The unemployment rate and employment level remained mostly steady in most of the provinces of Canada.
Employment rises for workers over 55
The number of jobs for workers over 55 years increased by 31,000. The unemployment rate among such workers dropped by 0.2% to 4.7%.
Between October 2018 and October 2019, the number of jobs for workers over 55 increased by 187,000, that is, by 4.6%.
The number of jobs for male workers between 24 and 54 years decreased by 29,000 in October. However, in comparison to October 2018, the number of jobs for this workgroup increased by 94,000.
There was no significant change in employment for female workers between 24 and 54 years. Also, there was no change in the number of jobs created for workers between 15 and 24 years.
Industry-wise employment increase/decrease
The number of people employed in Construction and Manufacturing dropped in October. The Construction industry saw a decline of 21,000 while Manufacturing saw a decline of 23,000.
Most of the lost jobs in Manufacturing happened in Ontario. On the other hand, the losses in Construction spread across five provinces with the maximum losses happening in Ontario and Quebec.
The number of jobs created in the Public Administration increased by 20,000 in October. Most employment gains happened in British Columbia, New Brunswick, Quebec and Prince Edward Island. Compared to October 2018, 73,000 new jobs were created in this industry which is an increase of 7.6%.
Finance, Real Estate, Insurance, Rental and Leasing industries also saw employment gains in October. As per Statistics Canada, 18,000 new jobs were created in these industries. Compared to October 2018, there were 64,000 more jobs in these industries in October 2019.
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