Slight Skip Up for Unemployment
On Friday August 6th Stats Canada published their Labour Force Survery for July 2010 and the numbers are similar to previous months with a few small changes here and there.
Following strong gains in recent months, employment was little changed in July, with large full-time declines mostly offset by part-time gains. The unemployment rate edged up 0.1 percentage points to 8.0%.
Since the start of the upward trend in July 2009, employment has risen by 2.3% (+394,000).
Large full-time declines (-139,000) in July were mostly offset by part-time gains (+130,000). July’s strong part-time increase brings total gains in part time to 177,000 since July 2009. Over the same period, full-time employment has grown by 216,000.
So the loss of the full time jobs is a bit worrisome, creating more part time jobs is really not doing us that much good.
As can be seen from the graph we have hit a plateau in terms of employment for now:
Unemployment edged up about 0.1% to 8.0% for July as well, but again, given the seasonal adjustments, the numbers are a little hard to nail down as a major issue.
The September numbers, may show more of what is really going on, with kids returning to school and such, but again, something to look for.
The Big Table
As usual I include one of the BIG tables from Stats Canada so you can find your age group and see where you fit into these numbers (that is what I do normally).
Labour force characteristics by age and sex
| June 2010 | July 2010 | June to July 2010 |
July ’09 to July ’10 | June to July 2010 |
July ’09 to July ’10 |
|
|---|---|---|---|---|---|---|
| Seasonally adjusted | ||||||
| thousands | change in thousands | % change | ||||
| Both sexes, 15 years and over | ||||||
| Population | 27,696.6 | 27,735.2 | 38.6 | 409.2 | 0.1 | 1.5 |
| Labour force | 18,665.0 | 18,673.6 | 8.6 | 309.1 | 0.0 | 1.7 |
| Employment | 17,189.8 | 17,180.5 | -9.3 | 393.7 | -0.1 | 2.3 |
| Full-time | 13,884.6 | 13,745.6 | -139.0 | 216.4 | -1.0 | 1.6 |
| Part-time | 3,305.2 | 3,434.9 | 129.7 | 177.3 | 3.9 | 5.4 |
| Unemployment | 1,475.2 | 1,493.1 | 17.9 | -84.6 | 1.2 | -5.4 |
| Participation rate | 67.4 | 67.3 | -0.1 | 0.1 | … | … |
| Unemployment rate | 7.9 | 8.0 | 0.1 | -0.6 | … | … |
| Employment rate | 62.1 | 61.9 | -0.2 | 0.5 | … | … |
| Part-time rate | 19.2 | 20.0 | 0.8 | 0.6 | … | … |
| Youths, 15 to 24 years | ||||||
| Population | 4,405.8 | 4,407.4 | 1.6 | 11.3 | 0.0 | 0.3 |
| Labour force | 2,876.6 | 2,846.2 | -30.4 | -11.9 | -1.1 | -0.4 |
| Employment | 2,457.5 | 2,445.5 | -12.0 | 47.5 | -0.5 | 2.0 |
| Full-time | 1,265.5 | 1,247.8 | -17.7 | 12.4 | -1.4 | 1.0 |
| Part-time | 1,192.0 | 1,197.7 | 5.7 | 35.1 | 0.5 | 3.0 |
| Unemployment | 419.1 | 400.7 | -18.4 | -59.4 | -4.4 | -12.9 |
| Participation rate | 65.3 | 64.6 | -0.7 | -0.4 | … | … |
| Unemployment rate | 14.6 | 14.1 | -0.5 | -2.0 | … | … |
| Employment rate | 55.8 | 55.5 | -0.3 | 1.0 | … | … |
| Part-time rate | 48.5 | 49.0 | 0.5 | 0.5 | … | … |
| Men, 25 years and over | ||||||
| Population | 11,393.4 | 11,411.8 | 18.4 | 200.2 | 0.2 | 1.8 |
| Labour force | 8,374.5 | 8,392.5 | 18.0 | 141.4 | 0.2 | 1.7 |
| Employment | 7,771.3 | 7,776.8 | 5.5 | 204.5 | 0.1 | 2.7 |
| Full-time | 7,173.5 | 7,124.5 | -49.0 | 132.7 | -0.7 | 1.9 |
| Part-time | 597.8 | 652.3 | 54.5 | 71.8 | 9.1 | 12.4 |
| Unemployment | 603.2 | 615.6 | 12.4 | -63.2 | 2.1 | -9.3 |
| Participation rate | 73.5 | 73.5 | 0.0 | -0.1 | … | … |
| Unemployment rate | 7.2 | 7.3 | 0.1 | -0.9 | … | … |
| Employment rate | 68.2 | 68.1 | -0.1 | 0.6 | … | … |
| Part-time rate | 7.7 | 8.4 | 0.7 | 0.7 | … | … |
| Women, 25 years and over | ||||||
| Population | 11,897.4 | 11,916.0 | 18.6 | 197.7 | 0.2 | 1.7 |
| Labour force | 7,414.0 | 7,434.9 | 20.9 | 179.7 | 0.3 | 2.5 |
| Employment | 6,961.1 | 6,958.1 | -3.0 | 141.6 | 0.0 | 2.1 |
| Full-time | 5,445.7 | 5,373.3 | -72.4 | 71.3 | -1.3 | 1.3 |
| Part-time | 1,515.4 | 1,584.9 | 69.5 | 70.4 | 4.6 | 4.6 |
| Unemployment | 452.9 | 476.8 | 23.9 | 38.0 | 5.3 | 8.7 |
| Participation rate | 62.3 | 62.4 | 0.1 | 0.5 | … | … |
| Unemployment rate | 6.1 | 6.4 | 0.3 | 0.4 | … | … |
| Employment rate | 58.5 | 58.4 | -0.1 | 0.2 | … | … |
| Part-time rate | 21.8 | 22.8 | 1.0 | 0.6 | … | … |
