Unemployment Falls to 8.5% as Canada Adds 62,000 Jobs in November

Unemployment Falls to 8.5% as Canada Adds 62,000 Jobs in November
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Canada employment rose by more than 62,000 and unemployment dropped to 8.5 percent as the coronavirus recovery continued in November.

The Canada jobs Labour Force Survey recorded an employment increase of 0.3 percent for the month, slower than previous months but still another step in the right direction.

The month saw full-time employment rise by 99,000, another significant sign of the recovery of the jobs markets.

Despite the second wave of COVID-19 currently gripping Canada, the jobs recovery has continued.

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Demographically, men aged 25 to 54 added 23,000 jobs in November, a rise of 0.4 percent. Women in the same age-group saw little changed during the month.

For 15 to 24-year-olds, employment rose 0.9 percent, the equivalent of 20,000 jobs, with unemployment falling 1.4 percentage points to 17.4 percent.

In the 55 and over age bracket, employment increased by 23,000, a 0.6 percent rise.

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What Are The Labour Force Survey Highlights?

Unemployment rate (%) 8.5
Employment rate (%) 59.5
Labour force participation rate (%) 65.1
Number unemployed 1,735,200
Number working 18,615,600
Youth (15-24) unemployment rate (%) 17.4
Men (over 25) unemployment rate (%) 7.4
Women (over 25) unemployment rate (%) 6.8

Source: Statistics Canada

Provincial Canada Jobs Picture

There were jobs gains in seven out of 10 Canadian provinces in November, led by Ontario.

Employment in the Atlantic provinces of Newfoundland & Labrador, Nova Scotia and New Brunswick has returned to pre-COVID levels.

Only the prairie provinces are currently experiencing difficulties, with falling jobs numbers in Manitoba, Saskatchewan and Alberta.

Unemployment Rates In Canada’s Provinces

Jobs change in last month Unemployment rate (%)
British Columbia 23,900 7.1
Alberta -10,800 11.1
Saskatchewan -2,800 6.9
Manitoba -18,100 7.4
Ontario 36,600 9.1
Quebec 15,700 7.2
New Brunswick 4,200 9.6
Nova Scotia 10,000 6.4
Prince Edward Island 1,000 10.2
Newfoundland & Labrador 2,300 12.2
CANADA 62,100 8.5

Source: Statistics Canada

Ontario added 36,600 jobs for an unemployment rate of 9.1 percent, followed by British Columbia, which added 23,900 jobs and currently has 7.1 percent unemployment.

In Quebec, 15,700 jobs were added, with unemployment at 7.2 percent. 

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