EMPLOYMENT INCREASE AND DECREASE IN CANADA

The new labour force survey has shown that Canada has added 443,000, new jobs in the 12months between October 2018, October 2019, led by gains in full time work, with a rise in employment in the province of British Columbia and New Foundland, last month.

Statistics Canada's new labour force Survey report states that Bristish Columbia and New Foundland leads Canada's other provinces in employment gains.

In October Canada shed 1,800 net jobs, leading to an overall drop in Employment, but the rate in National employment, remained steady at 5.5 per cent.
The small halt in net jobs in October, was followed by a large increase in employment gains in Aug and September.

Bristish Columbia led Canada's other provinces with a of 15,000 net jobs in October.
Statistics Canada's report states that this was driven by the increase in full time work for people aged 55 and over.

The province’s unemployment rate remained stable at 4.7 per cent, making it the lowest in Canada.

But the unemployment and employment rate in Canada's other provinces remained mostly unchanged in October.

Newfoundland and Labrador also posted a gain of 2,700 net jobs in October, the report was mostly of part time work among those between the core working ages of 24 and 54.

Employees who are over 55 make
gains.
Employment among working men and women aged 55 and above increased in
October by a total of 31,000 net
jobs.
The unemployment rate for this group stood at 4.7 per cent, down 0.2 percentage points.

Statistics Canada has reported that employment for this age group has increased by 187,000 net jobs between October 2018 and October 2019, or 4.6 per cent.

Employment among men aged 25 to 54 declined by 29,000 net jobs in October.

Statistics Canada's report has stated that there was a slight difference in employment among women aged 24 to 54 and no change was noticed in employment for people between the age of 15 to 24

However, employment in this group was up by 94,000 net jobs compared to October 2018.


Industrial Employment Increase and Decrease..

There has been a noticeable decrease in people employed in the manufacturing and construction sector in October, by 23,000 and 21,000 respectively.

A great part of the loss in the manufacturing
came from Ontario while the decline in construction was spread across five provinces led by Quebec and Ontario.

There was an increase in employment in public administration by 20,000 in October, with gains reported in British Columbia,

Employment in New Brunswick, Prince Edward Island and Quebec.

Statistics Canada has reported that the 18,000 net job gains reported in this field was the second increase in three months. Compared to October 2018, employment was up by 64,000.

Employment was also up in October for people working in the real estate, insurance, finance, rental and leasing industry