84,000 jobs gained in Canada’s labour market in October

Canada added 84,000 more jobs in October, significantly slower job growth than the month before.

Between August and September, 378,200 jobs were created in the Canadian labor market.

Throughout October, restrictions were reimposed across Canada in response to increased COVID-19 cases, resulting in slower job growth.

At the same time, the unemployment rate was little changed from September, according to Statistics Canada’s latest labor force survey.

The month of October sees the unemployment rate in the country was 8.9% compared to 9.0% in the previous month of September.

The survey also indicates that for the first time since the start of the COVID-19 pandemic, the number of self-employed has increased by 33,000.

Among those working at least half of their usual hours, the number of people working from home also increased by 150,000.

The demographic groups that benefited the most from the increase in employment were women in the core age group 25-54, while youth employment remained well below pre-pandemic levels compared to all other major age groups.

Labour market conditions vary in each province in the country

The Canadian provinces that saw an increase in employment in October were Ontario, British Columbia, Alberta, Newfoundland and Labrador, and Prince Edward Island. The other Canadian provinces have changed little in their employment rates.

British Columbia led the way in October, with 34,000 jobs, most of them full time.

Ontario was second with 31,000 new jobs created in October, mostly in wholesale and retail trade and manufacturing.

Alberta added 23,000 jobs in October, increasing its employment rate for the fifth straight month after large job losses, with most of the job gains occurring in Calgary.

Newfoundland and Labrador see the employment increased by 5,900 in October and Prince Edward Island by 900.

Increase in industry offset with a decrease in accommodation and food services

Statistics Canada has indicated that while there have been increases in the employment rate in several industries, they were partially offset by a loss of 48,000 jobs in accommodation and food services, mainly in Quebec.

The information, culture, and recreation industry also experienced significant declines in employment in Quebec, Alberta, and Saskatchewan.

Employment in transportation, warehousing, and construction was virtually unchanged in October.

However, employment in wholesale trade, professional, scientific, and technical services, as well as educational services has increased and even exceeded pre-pandemic levels.

Data from Statistics Canada’s Labor Force Survey provide important information on the effects of COVID-19 on employment and recovery. Industry trends, regional and demographic variations, Unemployment rates, and national trends provided in these reports can be used to inform policy decisions, such as where to spend on education, training, and aid to income.

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