Employment in Canada had a growth of 56,000 jobs in February. During the last year, the growth was 370,000 as per the recent Labor Force Survey. Moreover, there were Gains in full-time work which made a major contribution to this growth. Furthermore, the unemployment rate in Canada was steady at 5.8 percent.
In the 12 month period the employment growth in full-time workers was 266,000 and for the part-time positions it was 103,000.
Youths in the age bracket of 15 – 24 years also had a big increase by adding 29,000 jobs. This month made a major contribution to the 12-month increase of 37,000 jobs for this age bracket.
Moreover, in the core working age group 25 -54-years, there was an insignificant change, with the addition of 221,000 jobs during the past 12 months. Additionally, for the age group of 55 and above the results were Similar. There was an increase of 111,000 jobs in the past 12 months.
The Survey Highlights
|Unemployment rate (%)||5.8|
|Employment rate (%)||62.0|
|Labor force participation rate (%)||65.8|
|Youth (15-24) unemployment rate (%)||10.8|
|Men (over 25) unemployment rate (%)||5.2|
|Women (over 25) unemployment rate (%)||4.7|
Jobs Data in respect of the Provinces
Ontario made a major contribution among the provinces, by adding 37,000 jobs in February achieving the unemployment rate of 5.7 percent. It also added 192,000 jobs in the past year, with a growth of 2.7 percent.
Quebec added 15,000 jobs. The unemployment rate of the province was 5.3 percent, after the increase of 55,000 jobs in the period.
The additions in February were:
- Alberta 3,800,
- British Columbia 3,600,
- New Brunswick 1,500 and finally,
- Nova Scotia 1,400
B.C. had the lowest unemployment rate of 4.5 percent.
Canadian Province and Unemployment rate:
|Jobs change February||Unemployment rate (%)|
|1) British Columbia||3,600||4.5|
|6) Nova Scotia||1,400||6.4|
|8) New Brunswick||1,500||8.5|
|9) Prince Edward Island||-500||10.3|
|10) Newfoundland & Labrador||-1,400||11.8|
Focus on Jobs in the Industries
Canada had impressive job growth in February in the scientific, professional, and technical services. It added 18,000 jobs concentrating in Quebec and Ontario. The Job growth in the sector was 97,000, corresponding to 6.8 percent, in the past 12 months. Additionally, there was an increase of 14,000 jobs in the public sector, concentrating in Ontario and Alberta. The increase was 34,000 jobs in the last year. The Top Technology Occupations were Computer Engineers and Programmers, Software Engineers and Developers followed by the IT Project Managers. There was an increase in natural resources by 8,000 jobs and in the agricultural sector by 6,000, mainly in Quebec.
Finally, the collective increase in the public/private sectors was 41,000 jobs in February. There was no change in the figures of self-employed workers.