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Canada / Employment rose by 40,000 and the unemployment rate declines the lowest in four years

Employment rose by 40,000 in December, the fourth increase in five months. December’s increase was all in full-time work. The unemployment rate declined 0.1 percentage points to 7.1%, the lowest in four years.

Chart 1 Employment

Compared with 12 months earlier, employment increased 1.8% or 312,000, all in full-time work. Over the same period, the total number of hours worked rose 1.6%.

Provincially, employment increased in Ontario, Manitoba, Saskatchewan, Newfoundland and Labrador and Prince Edward Island in December. At the same time, there was a decline in Nova Scotia.

Employment rose among private sector employees in December, up 59,000, while there was little change in public sector employment and self-employment.

Year over year, employment gains among private sector employees totaled 242,000 (+2.2%), while public sector employment rose by 92,000 (+2.6%). Over the same period, the number of self-employed was little changed.

Among industries, employment increased in transportation and warehousing as well as construction, while there were fewer workers in professional, scientific and technical services; natural resources; and public administration.

In December, employment increased among core-aged men 25 to 54. Over the year, employment gains were shared among core-aged workers and those 55 and over, while employment among youths was unchanged.

Chart 2 Unemployment rate

 

Choosen excerpts by Job Market Monitor from

'The Daily — Labour Force Survey, October 2012' - www_statcan_gc_ca_daily-quotidien_121102_dq121102a-eng_htm

via The Daily — Labour Force Survey, December 2012.

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