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Big jump in employment numbers to close Q3 2014: StatsCan

Published by Brad Fougere on October 10, 2014

After a disappointing August, the Canadian economy ended the third quarter of 2014 on a strong note, creating 74,100 jobs in September – a 0.4 per cent increase over August. Nearly all of those jobs (69,300) were in full-time positions and were enough to drive the monthly unemployment rate down from 7.0 per cent to 6.8 per cent. The unemployment rate in Canada is now at its lowest level since November 2008.

Most provinces saw positive job growth in September. Newfoundland and Labrador and Saskatchewan led the way with gains of 1.7 per cent and 1.2 per cent, respectively. However, Ontario and Alberta created by far the largest total number of jobs that month, as both provinces recovered from relatively poor performances in August. Only Nova Scotia and PEI lost jobs last month.

A solid showing in September has not been enough to offset what has otherwise been a weak year for labour markets in Canada. For the year to date, employment is up just 0.7 per cent compared to the first nine months of 2013.

The manufacturing sector also saw a recovery in employment in September, adding 7,100 jobs and keeping pace with the overall labour market’s 0.4% growth rate that month. Quebec and Alberta accounted for more than 100 per cent of the monthly gains, adding 5,400 and 4,100 manufacturing jobs, respectively.

For 2014 to date, the labour market story emerging in manufacturing is a tale of two regions heading in opposite directions. Manufacturing employment in Alberta is exploding, rising by nearly 20 per cent over the past 12 months. In spite of a decrease in September, BC manufacturers have also had a good year so far, with 7.2 per cent employment growth compared to the first three quarters of 2013.

By contrast, job prospects for Ontario manufacturers continue to be weak. Although employment fell only slightly in September, employment through the first nine months is down 3.5 per cent compared to last year – representing a loss of more than 27,000 jobs so far this year. Losses have been particularly acute in the Toronto area where nearly 16,000 positions have been lost.

Found in: Stats Canada

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan