Unemployment rate drops- B.C. by far the best in Canada

On a year-over-year basis, Canada gained 222,000 jobs since September 2017.

Statistics Canada also reported the Canadian international merchandise trade balance improved in August, recording a surplus for the first time since December 2016.

It said imports fell by 2.5 per cent and exports declined 1.1 per cent, producing a surplus of $526 million compared with July’s $189 million trade deficit.

The agency’s monthly labour force survey found that all of the job gains in September were made by workers in the core 25-to-54 age range with virtually no change in youth employment. September’s youth unemployment rate stood at 11.0 per cent, up by 0.1 percentage points from the previous month.

Men in the core age bracket gained the most, with 34,000 jobs while women also saw increases of 20,000 positions.

The agency said the number of self-employed Canadians declined by 35,000 after recording an almost equal total increase over the past twelve months.

Many of the jobs were found in construction, up by 28,000 in September, reversing two previous monthly declines.

Around 13,000 jobs were added in finance, insurance, real estate and rental and leasing, mostly in Ontario and Alberta.

Employment increased by about 12,000 in the public sector, which has seen a rise of about 20,000 jobs overall since last September.

The agriculture sector also saw gains of about 9,000 jobs, offsetting continuous declines seen since May.

Statistics Canada also released third quarter employment numbers for the territories, reporting gains of 500 and 900 jobs in Nunavut and the Northwest Territories respectively while 400 job losses were recorded in Yukon. The numbers were compared with the second quarter and based on a three-month rolling average.

The unemployment rate in British Columbia was by far the best in Canada. It went down to 4.2 percent in September, more than a full percentage point better than the 5.3 percent in August. Next best rate was Quebec’s, at 5.3 percent.

The Canadian Press

by The Canadian Press

Unemployment rate drops- B.C. by far the best in Canada

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