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Canajun Finances Home » Better Late than Never, Employment Hovers in October

Better Late than Never, Employment Hovers in October

Due to my mind being a little preoccupied, I completely missed my buddies from Stats Canada publishing the October 2010 Labour Survey. My apologies to my regular readers who enjoy my nonsensical commentary on these interesting Statistical figures.

It was another month where the statistical values remained relatively the same, with gains in Full Time employment being offset by losses in Part Time employment, which makes me scratch my head (every month). If they could put together some kind of Index that weighted the value of Full Time employment in a better manner I think I’d be happier with the numbers.

In October, employment remained virtually unchanged for the second consecutive month, as full-time gains offset part-time losses. The unemployment rate edged down to 7.9% and has been around 8% for the past seven months.

Unemployment rate dropping is always a good thing to read about, and given the rates seen South of the Border, it’s good to see Canada is slowly creating more jobs (or losing less jobs).

Employment Graphic
Employment Graph for the Past Little While

The graph seems to suggest that our employment numbers have recovered from the Great Economic Plotz of 2008, but that remains to be seen as well.

The unemployment graph gives us a little more optimism too.

Unemployment Numbers
Canadian Unemployment Graph

The most interesting comment in the report, is:

The number of people working full-time continued to rise in October, up 47,000, bringing gains to 164,000 over the past three months. At the same time, the total number of hours worked has edged up.

Part-time employment fell by 44,000 in October, with losses totalling 132,000 over the past three months.

A final interesting graphic, does kind of give me a better view on this whole Full Time vs. Part Time argument:

Hours Worked
Hours Worked Graphic

The Big Table

As most of my regular readers know, I love the Big Tables from these kind of data sets, and this months table shows some interesting info as usual:

Sept 2010 Oct 2010 Sept to
Oct 2010
Oct 2009
to
Oct 2010
Sept
to
Oct 2010
Oct 2009
to
Oct 2010
Seasonally adjusted
thousands change in thousands % change
Both sexes, 15 years and over
Population 27,809.6 27,840.4 30.8 407.3 0.1 1.5
Labour force 18,702.7 18,698.4 -4.3 319.1 0.0 1.7
Employment 17,209.7 17,212.7 3.0 375.2 0.0 2.2
Full-time 13,862.6 13,909.8 47.2 218.6 0.3 1.6
Part-time 3,347.1 3,302.9 -44.2 156.5 -1.3 5.0
Unemployment 1,493.0 1,485.7 -7.3 -56.0 -0.5 -3.6
Participation rate 67.3 67.2 -0.1 0.2
Unemployment rate 8.0 7.9 -0.1 -0.5
Employment rate 61.9 61.8 -0.1 0.4
Part-time rate 19.4 19.2 -0.2 0.5
Youths, 15 to 24 years
Population 4,409.3 4,409.8 0.5 10.7 0.0 0.2
Labour force 2,821.0 2,827.4 6.4 17.0 0.2 0.6
Employment 2,401.6 2,402.7 1.1 20.3 0.0 0.9
Full-time 1,250.1 1,251.1 1.0 -44.6 0.1 -3.4
Part-time 1,151.6 1,151.5 -0.1 64.8 0.0 6.0
Unemployment 419.4 424.7 5.3 -3.3 1.3 -0.8
Participation rate 64.0 64.1 0.1 0.2
Unemployment rate 14.9 15.0 0.1 -0.2
Employment rate 54.5 54.5 0.0 0.3
Part-time rate 48.0 47.9 -0.1 2.3
Men, 25 years and over
Population 11,447.7 11,462.5 14.8 196.6 0.1 1.7
Labour force 8,443.1 8,411.5 -31.6 150.6 -0.4 1.8
Employment 7,841.1 7,834.5 -6.6 235.2 -0.1 3.1
Full-time 7,213.3 7,220.3 7.0 191.1 0.1 2.7
Part-time 627.8 614.3 -13.5 44.2 -2.2 7.8
Unemployment 602.1 576.9 -25.2 -84.7 -4.2 -12.8
Participation rate 73.8 73.4 -0.4 0.1
Unemployment rate 7.1 6.9 -0.2 -1.1
Employment rate 68.5 68.3 -0.2 0.8
Part-time rate 8.0 7.8 -0.2 0.3
Women, 25 years and over
Population 11,952.7 11,968.0 15.3 199.9 0.1 1.7
Labour force 7,438.5 7,459.5 21.0 151.5 0.3 2.1
Employment 6,967.0 6,975.5 8.5 119.7 0.1 1.7
Full-time 5,399.2 5,438.4 39.2 72.2 0.7 1.3
Part-time 1,567.7 1,537.1 -30.6 47.6 -2.0 3.2
Unemployment 471.6 484.1 12.5 31.9 2.7 7.1
Participation rate 62.2 62.3 0.1 0.2
Unemployment rate 6.3 6.5 0.2 0.3
Employment rate 58.3 58.3 0.0 0.0
Part-time rate 22.5 22.0 -0.5 0.3

Feel Free to Comment

  1. Hi! This is such a great article and I am sure a lot of money saving enthusiasts are going to benefit from this. Keep it up! I am Diana Mathew, an Australian Entrepreneur, ebook author (The Money Tree by Diana Mathew) and a Saving Money guru.

  2. nancy (aka money coach)

    eek! I didn’t realize our unemployment rate was that high!
    All I can say is — if you are a skilled tradesperson, come on up to Yellowknife! (oh – or a healthcare professional!)

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