Stellar Month For Canada Jobs Sees Unemployment Drop To 6%

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Stellar Month For Canada Jobs Sees Unemployment Drop To 6%
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Canada immigration news: Canada saw unemployment drop to 6 percent in November  – within 0.3 percent of pre-COVID levels – after adding nearly 154,000 jobs.

In a stellar month for Canada jobs, every single Canadian province saw employment increases, with Quebec’s unemployment plummeting to 4.5 percent, according to the latest Labour Market Survey from Statistics Canada.

Demographically, women aged 25 to 54 saw employment levels reach an all-time high of 80.7 percent after growth of 66,000 jobs.


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Men in the same age-group also saw a solid increase of 48,000 jobs, with the gains entirely in full time positions.

Unemployment fell for the six consecutive month, with the drop of 0.7 percentage points the largest since March.

Figures show 1.24 million were unemployed in November, a decline of 8.9 percent but still nearly 100,000 higher that the pre-pandemic level in February 2020.

There was a marked decrease in long-term unemployment, with a drop of 23.4 percent for those without work for a year or more.


What Are The Labour Force Survey Highlights?

Unemployment rate (%)

6.0

Employment rate (%)

61.4

Labour force participation rate (%)

65.3

Number unemployed

1,243,800

Number working

19,316,100

Youth (15-24) unemployment rate (%)

10.5

Men (over 25) unemployment rate (%)

5.5

Women (over 25) unemployment rate (%)

5.1

Source: Statistics Canada


Provincial Canada Jobs Picture

Strong provincial figures were spearheaded by the tow largest provinces of Quebec and Ontario.

The French-speaking province saw unemployment drop 1.1 percentage points to 4.5 percent, lower than the pre-pandemic rate, after adding 45,500 jobs.

The figures included a first notable increase in employment for Montreal since June 2021, adding 56,000 jobs for an unemployment rate of 4.8 percent, 1.6 percent lower than October.


Unemployment Rates In Canada’s Provinces

Jobs change in last month

Unemployment rate (%)

British Columbia

4,600

5.6

Alberta

15,400

7.6

Saskatchewan

1,400

5.2

Manitoba

1,900

5.1

Ontario

68,100

6.4

Quebec

45,500

4.5

New Brunswick

1,000

8.5

Nova Scotia

3,700

8.1

Prince Edward Island

2,900

8.0

Newfoundland & Labrador

9,100

10.4

CANADA

153,700

6.0

Source: Statistics Canada


In Ontario, employment rose by 68,000 jobs, in a sixth consecutive month of increases. The province has now added 421,000 jobs since May. Industries to prosper included health care and social assistance, wholesale and retail trade, construction, and finance, insurance, real estate, rental and leasing.

Unemployment fell to 6.4 percent, the lowest since February 2020.

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