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Canada – Employment rose for the second consecutive month, up 43,000 in October, UR at 6.5%, the lowest rate since November 2008

Employment rose for the second consecutive month, up 43,000 in October. This pushed the unemployment rate down 0.3 percentage points to 6.5%, the lowest rate since November 2008.

In the 12 months to October, employment rose by 182,000 (+1.0%), with the growth in September and October of this year accounting for two-thirds of this increase.

Compared with October 2013, part-time employment rose by 101,000 (+3.0%) and full-time employment was up 81,000 (+0.6%). Over the same period, the number of hours worked rose slightly (+0.4%).

Chart 1 Employment

All of the employment gains in October were among people aged 25 to 54, with most of the increase among women in this age group.

Provincially, employment rose in Ontario, Manitoba, Nova Scotia and Prince Edward Island, while it declined in New Brunswick.

Chart 2 Unemployment rate

Chosen excerpts by Job Market Monitor. Read the whole story at  The Daily — Labour Force Survey, October 2014.

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