{"id":244149,"date":"2018-12-18T17:02:45","date_gmt":"2018-12-18T17:02:45","guid":{"rendered":"https:\/\/skilledworker.com\/canada-unemployment-drops-to-lowest-in-more-than-40-years\/"},"modified":"2018-12-18T17:02:45","modified_gmt":"2018-12-18T17:02:45","slug":"canada-unemployment-drops-to-lowest-in-more-than-40-years","status":"publish","type":"post","link":"https:\/\/skilledworker.com\/canada-unemployment-drops-to-lowest-in-more-than-40-years\/","title":{"rendered":"Canada Unemployment Drops To Lowest in More Than 40 Years"},"content":{"rendered":"

<\/h2>

Canada unemployment is the lowest since at least 1976, according to new federal government figures.<\/p>\n

A stellar November saw unemployment drop to 5.6 per cent, the lowest since comparable figures became available in 1976, Statistics Canada says.<\/p>\n

The drop of 0.2 percentage points comes after 94,100 jobs were added in November, meaning employment growth of 219,000 in the last year, driven entirely by full-time jobs.<\/p>\n

Provincially, there were employment increases in eight out of 10 provinces in November, with Prince Edward Island and Newfoundland & Labrador showing slight decreases.<\/p>\n

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What Are The Labour Force Survey Highlights?<\/h3>\n\n\n\n\n\n\n\n\n\n\n
Unemployment rate (%)<\/b><\/td>\n5.6<\/td>\n<\/tr>\n
Employment rate (%)<\/b><\/td>\n61.7<\/td>\n<\/tr>\n
Labour force participation rate (%)<\/b><\/td>\n65.4<\/td>\n<\/tr>\n
Number unemployed<\/b><\/td>\n1,124,800<\/td>\n<\/tr>\n
Number working<\/b><\/td>\n18,799,100<\/td>\n<\/tr>\n
Youth (15-24) unemployment rate (%)<\/b><\/td>\n10.8<\/td>\n<\/tr>\n
Men (over 25) unemployment rate (%)<\/b><\/td>\n5.0<\/td>\n<\/tr>\n
Women (over 25) unemployment rate (%)<\/b><\/td>\n4.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Statistics Canada<\/p>\n

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Employment among workers aged 25 to 54 rose 49,000 across the month, with women contributing 32,000 and men 17,000 jobs.<\/p>\n

Core-aged women saw unemployment drop to 4.6 per cent, and men to 4.7 per cent.<\/p>\n

Employment in the core age-group has now risen 208,000 in the last year.<\/p>\n

Employment also rose in the 55 and over category, by 39,000, although unemployment rose to 5.5 per cent as more people looked for work.<\/p>\n

The 15 to 24 age-group, meanwhile, saw little change in their employment in November.<\/p>\n

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Provincial Canada Jobs<\/b><\/p>\n

Quebec saw employment rise by 26,000 in November, with an unemployment rate of 5.4 per cent.<\/p>\n

The French-speaking province saw notable increases in professional, scientific and technical services, plus educational services.<\/p>\n

Employment increased by 24,000 in Alberta, with the unemployment rate dropping a full percentage point, from 7.3 per cent to 6.3 per cent. Over the last 12 months, employment has risen 59,000 in the oil-rich province.<\/p>\n

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Which Canadian Province Has the Lowest Unemployment?<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nJobs change August<\/b><\/td>\nUnemployment\u00a0rate (%)<\/b><\/td>\n<\/tr>\n<\/thead>\n
1) British Columbia<\/b><\/td>\n15,900<\/td>\n4.4<\/td>\n<\/tr>\n
2) Quebec<\/b><\/td>\n25,800<\/td>\n5.4<\/td>\n<\/tr>\n
3) Saskatchewan<\/b><\/td>\n5,500<\/td>\n5.5<\/td>\n<\/tr>\n
4) Ontario<\/b><\/td>\n20,200<\/td>\n5.6<\/td>\n<\/tr>\n
5) Manitoba<\/b><\/td>\n2,600<\/td>\n5.7<\/td>\n<\/tr>\n
6) Alberta<\/b><\/td>\n23,700<\/td>\n6.3<\/td>\n<\/tr>\n
7) Nova Scotia<\/b><\/td>\n200<\/td>\n7.0<\/td>\n<\/tr>\n
8) New Brunswick<\/b><\/td>\n1,700<\/td>\n7.9<\/td>\n<\/tr>\n
9) Prince Edward Island<\/b><\/td>\n-200<\/td>\n8.5<\/td>\n<\/tr>\n
10) Newfoundland & Labrador<\/b><\/td>\n-1,300<\/td>\n12.2<\/td>\n<\/tr>\n
CANADA<\/b><\/td>\n94,100<\/b><\/td>\n5.6<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Statistics Canada<\/p>\n

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