Though whole employment in Canada came down lightly in October 2019 with a drop of 1800 in net jobs, the Canadian national unemployment rate continued steady at 5.5%, as per the survey. This drop is headed by large employment earnings in Aug and Sept.
Among the Canadian provinces, British Columbia appeared in the first place by gaining 15000 net jobs in the month of October 2019. The principal reason for this growth was the increase in full-time work among individuals aged above 55. At the corresponding time, the rate of unemployment in the province maintained to remain the lowest in the nation at 4.7%. Newfoundland & Labrador appeared in second place in terms of job growth rate by obtaining 2700 net jobs in October 2019. This development was principally driven by the hike in part-time work with those in the core working-age group who aged between 24 to 54 years. In the case of other provinces of Canada, both the employment level and the rate of unemployment continued relatively the same.
The number of latest jobs in the public administration sector rose by 20000 in October 2019. British Columbia, New Brunswick, Quebec, and Prince Edward Island recorded gains in this area. Since October 2018, employment in the area has grown by above 73000 or 7.6%.
Finance, real estate, insurance, rental & leasing industries also observed an improvement in employment in Oct. As per the Statistics Canada, an increase of 18000 net jobs in this area is the second rise in 3 months. The number of jobs grown by 64000 since Oct 2018.
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