Canada is creating 1000s of rewarding job opportunities for people. As per a report, the rate of joblessness in the Maple Leaf Country jumped to 6.9% in the month of December, last year from 6.8% in the month of November through the same year, in line with the expectations of market, as additional individuals took part in the labour market. Incidentally, Canada’s immediate southern neighbor fared better at 4.7% during the same period.
Coming back to Canada, and speaking at the provincial level, the rate of unemployment during the same period–the month of December 2016–in the province of Alberta stood at 8.5%,Quebec at 6.6%, Ontario at 6.3%, Manitoba at 6.0%, British Columbia at 6.1%, and Saskatchewan at 5.9%.
Countrywide, the nation added 54,000 jobs in the month of December. This is the outcome of the gains made in permanent opportunities. The national economy witnessed a gain of 81,000 permanent jobs through the month, counterbalanced by a loss of 27,000 part-time vacancies. The outcomes were a positive shock to economists, who had been looking forward to a small loss of jobs through the month. However, since more individuals were hunting for jobs, the rate of joblessness in the nation jumped by 0.1 percentage points to 6.9%.
The year 2016 was the finest for the employment generation in the nation since 2012.The provincial gains were nicely spread out, with eight of the 10 registering jobs improvements in December. Through the fourth quarter of the year gone by, employment jumped by 108 000 (+0.6%), and this is the biggest rise since the second quarter of 2010. It succeeded a gain of 62 000 (+0.3%) during the third quarter.
In the 12 months to December, employment gains totaled 214 thousand or 1.2%, vis-à-vis a growth rate of 0.9% seen over the identical time-frame one year before. In the month of December, employment improved among women aged between 25 and 54. There was not much of general employment variation amongst the other demographic societies.
While the Canadian provinces of Quebec (20,000), British Columbia (17,000), Ontario (9,100), and Alberta(6,900) registered increases in employment, other provinces did not see any major change. Actually, some provinces like Newfoundland and Labrador and Saskatchewan lost 1,600 and 1,100 jobs respectively.
On the positive side, additional people found jobs in the professional, scientific and technical services, and in healthcare and social assistance but simultaneously, employment headed south in agriculture. Besides, the figure of workers jumped in both the public & private fields in the month of December, though self-employment was not changed much.