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Canada’s job market cools slightly in November: StatsCan

Published by Brad Fougere on December 05, 2014

After two months of solid gains, Canada’s job market cooled slightly in November. The economy shed 10,700 jobs last month, a modest 0.1% decrease compared to October. The silver lining was that the job losses were entirely felt in part-time positions; there were 5,700 net new full-time jobs created in November, while the number of part-time jobs fell by 16,300. As a result, the unemployment rate increased slightly to 6.6% compared to 6.5% in October.

In the exact reverse scenario of October’s jobs report, Ontario was primarily responsible for November’s dip in employment. After adding 37,000 new jobs the previous month, Ontario lost 33,900 positions in November – a monthly decrease of 0.5 per cent. Saskatchewan (-0.7%), New Brunswick (-0.5%) and Nova Scotia (-0.3%) also saw employment fall in November.

All other provinces saw positive employment growth, led by Quebec which added 19,600 new jobs in November. The fastest increase, however, was in Newfoundland and Labrador, where employment grew by 1.4% compared to October.

November’s dip in employment further reinforces that, overall, 2014 has been a forgettable year for Canadian labour markets. With just one month to go, employment is just 0.7% higher than it was over the same period last year.

For their part, Canadian manufacturers were able to hold on to almost all of the tremendous gains they made in October. Manufacturing employment had struggled over the summer, but added 33,200 new jobs that month. In November, the number of manufacturing jobs across the country was essentially unchanged; there were 400 fewer positions compared to a month earlier. Year-to-date, however, manufacturing employment remains slightly below 2013 levels.

In stark contrast to the overall employment picture – and for the second month in a row – the increase in manufacturing employment was heavily concentrated in Ontario. The province added 11,600 new manufacturing jobs last month for a total of 44,500 new positions since September. In spite of the recent surge, however, manufacturing employment in Ontario is still down 2.6% year to date.

The number of manufacturing jobs also increased in Nova Scotia and Manitoba, but fell almost everywhere else. Leading the way was Quebec, where there were 9,900 fewer manufacturing jobs last month. There was also a significant month-over-month decline in Newfoundland and Labrador, Alberta and BC.

Year to date, however, BC and Alberta have been far and away Canada’s leaders in manufacturing employment growth. Together, those province have so far added 19,290 new manufacturing jobs in 2014.

Found in: StatsCan

National Office

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