A recently released survey has revealed some shocking, but mostly positive, information surrounding employment numbers in Canada.
According to the Labour Force Survey, February 2019, employment across the country grew for the second month in a row last month – this growth was driven by gains in full-time work. The survey revealed that although employment did grow, the country’s 5.8 per cent unemployment rate did not change.
Last month’s growth; however, falls in line with the growth the country saw in the 12 months leading up to February – an overall employment growth of two per cent.
Breaking things down a little bit further, Ontario saw the most notable employment gain last month, in Manitoba employment declined, and the employment rates in the remaining provinces didn’t change by much.
- Many businesses sourcing product domestically due to pandemic
- Amazon becoming popular shopping choice for Canadians this holiday season
- Many entrepreneurs believe their businesses won’t survive a second lockdown
Overall, more people were employed in the professional, scientific and technical services, public administration; natural resources, and agriculture sectors. Last month, according to the survey, there were 6,000 more people were working in the agriculture industry alone.
There were; however, fewer people working in the accommodation, food services, transportation and warehousing industries. Employment in the transportation and warehousing industries was down by 11,000, marking the first notable decline since January of 2016.
But for the most part, the overall number of employees increased. On the other hand, the number of Canadians that were self-employed didn’t change that much.
The survey broke things down a little bit further. Employment rates in the private and public sectors was looked at, along with employment rates for different age groups.
The survey showed that in both the private and public sectors, there was little change in the number of employees last month. Although, the little increase that these sectors saw was positive. When combined, the total number of employees in both sectors increased by 41,000.
The number of employed youths between the ages of 15 and 24 increased for the second month in a row – up by 29,000 last month. According to the survey, “This increase was split between young women (+16,000) and young men (+13,000).”
For people in the core working ages between 25 and 54, the employment rate didn’t change by much and the unemployment rate was 4.8 per cent. Just 12 months earlier; however, employment for people in this age group increased by 1.8 per cent.
For people who are 55 and older, the employment numbers didn’t change by a lot.
Click here to view the survey results in full.
What do you think about Canada’s employment numbers?