Nation Adds Part-time Jobs — Loses Full-time Jobs

Jobs

CBJ — The Canadian labour market unexpectedly added 10,700 net jobs last month and the unemployment rate slid to 6.8%. However, there are already critics wondering aloud about the quality of work that was generated.

Statistics Canada’s November employment survey shows yet another monthly decline in the more-desirable category of full-time work — a figure more than offset by a gain in part-time jobs. The report says the market added 19,400 part-time jobs last month but lost 8,700 full-time positions, putting into question just how successful the month really was given those parameters.

Compared with November 2015, Canada gained 183,200 jobs overall for an increase of 0.1% — but over that period full-time work fell by 30,500 positions, while the part-time category piled up an additional 213,700 jobs.

The jobs report says the unemployment rate dropped to 6.8% from 7% because fewer people were searching for work.

The agency says there were 41,300 additional paid employee jobs last month, while the number of positions in the less-desirable class of self-employed workers — some of which may have been unpaid — fell by 30,700. Over the 12 months leading up to November, the labour market added 220,100 employee jobs and shed 22,100 self-employed positions.

Last month, the services sector gained 31,200 net new jobs, with the bulk of the increase concentrated in finance, insurance and real estate as well as information, culture and recreation.

The country’s goods-producing sector lost 20,600 positions with construction and manufacturing seeing the biggest declines.

Statistics Canada also said the number of private-sector jobs rose by 29,700 jobs last month, while the public sector added 11,600.

Among the provinces, Ontario gained the most jobs last month with 18,900 new positions, an increase of 0.3% compared with October. The province has seen job numbers climb 1.5% over last year.

Here are the jobless rates last month by province (previous month in brackets):
Newfoundland and Labrador 14.3% (14.9)
— Prince Edward Island 10.8 (11.7)
— Nova Scotia 8.0 (7.6)
— New Brunswick 8.7 (10.0)
— Quebec 6.2 (6.8)
— Ontario 6.3 (6.4)
— Manitoba 6.2 (6.4)
— Saskatchewan 6.8 (6.9)
— Alberta 9.0 (8.5)
— British Columbia 6.1 (6.2)

@CanBizJournal

Recommended
Howard Schultz