Canada’s unemployment rate declined slightly to 5.1 per cent, wages grow again

Business
Published 02.12.2022
Canada’s unemployment rate declined slightly to 5.1 per cent, wages grow again

The unemployment charge in Canada declined barely to five.1 per cent in November, in accordance with new information launched by Statistics Canada Friday.

The company says the unemployment charge decreased for the second time in three months, edging it nearer to its file low of 4.9 per cent seen in June and July.

Meanwhile, wages noticed their sixth consecutive improve in six months, with common hourly earnings rising 5.6 per cent year-over-year this month.

Canada added simply 10,000 new jobs in November, in comparison with the 108,000 jobs added in October.

Industries similar to finance, actual property, insurance coverage and manufacturing noticed good points in employment. In distinction, jobs in building fell by 25,000 and retail commerce and wholesale noticed a lack of 23,000 jobs.

The variety of staff working full time elevated by 51,000 this month and has grown by 460,000 year-over-year. Part-time employment remained the identical in November, however is down by 91,000 jobs in comparison with final 12 months.

Employment amongst girls aged 25 to 54 reached 81.6 per cent, its highest degree since Statistics Canada started amassing information in 1976.

From The Canadian Press:

Here are the jobless charges final month by province (numbers from the earlier month in brackets):

  • Newfoundland and Labrador 10.7 per cent (10.3)
  • Prince Edward Island 6.8 per cent (5.4)
  • Nova Scotia 6.0 per cent (6.7)
  • New Brunswick 7.3 per cent (6.7)
  • Quebec 3.8 per cent (4.1)
  • Ontario 5.5 per cent (5.9)
  • Manitoba 4.4 per cent (4.6)
  • Saskatchewan 4.2 per cent (4.6)
  • Alberta 5.8 per cent (5.2)
  • British Columbia 4.4 per cent (4.2)

Statistics Canada additionally launched seasonally adjusted, three-month shifting common unemployment charges for main cities. It cautions, nevertheless, that the figures could fluctuate broadly as a result of they’re based mostly on small statistical samples. Here are the jobless charges final month by metropolis (numbers from the earlier month in brackets):

  • St. John’s, N.L. 6.9 per cent (5.9)
  • Halifax 5.2 per cent (5.5)
  • Moncton, N.B. 5.2 per cent (5.6)
  • Saint John, N.B. 6.5 per cent (6.5)
  • Saguenay, Que. 5.4 per cent (4.9)
  • Quebec City 3.0 per cent (2.9)
  • Sherbrooke, Que. 2.7 per cent (2.6)
  • Trois-Rivieres, Que. 4.1 per cent (4.3)
  • Montreal 4.3 per cent (4.7)
  • Gatineau, Que. 4.6 per cent (4.3)
  • Ottawa 4.4 per cent (4.2)
  • Kingston, Ont. 5.7 per cent (5.4)
  • Belleville, Ont. 5.2 per cent (5.9)
  • Peterborough, Ont. 3.1 per cent (4.8)
  • Oshawa, Ont. 5.1 per cent (5.5)
  • Toronto 6.3 per cent (6.2)
  • Hamilton, Ont. 5.0 per cent (4.9)
  • St. Catharines-Niagara, Ont. 5.4 per cent (6.4)
  • Kitchener-Cambridge-Waterloo, Ont. 6.0 per cent (5.9)
  • Brantford, Ont. 5.2 per cent (4.8)
  • Guelph, Ont. 5.0 per cent (5.0)
  • London, Ont. 5.9 per cent (6.5)
  • Windsor, Ont. 8.6 per cent (8.5)
  • Barrie, Ont. 4.8 per cent (4.9)
  • Greater Sudbury, Ont. 4.6 per cent (4.7)
  • Thunder Bay, Ont. 4.8 per cent (5.2)
  • Winnipeg 4.8 per cent (5.0)
  • Regina 4.5 per cent (5.0)
  • Saskatoon 4.0 per cent (4.1)
  • Lethbridge, Alta. 3.5 per cent (4.1)
  • Calgary 6.0 per cent (5.3)
  • Edmonton 5.5 per cent (5.2)
  • Kelowna, B.C. 4.9 per cent (4.3)
  • Abbotsford-Mission, B.C. 4.6 per cent (5.4)
  • Vancouver 4.4 per cent (4.4)
  • Victoria 3.5 per cent (4.3)