Unemployment Rate

[sreja]

July 9 2010 - Statistics Canada reported that the unemployment rate fell by 0.2% to 7.9% in June with an overall increase of 93,000 jobs - the first time the rate has dropped below 8.0% since January 2009. The gain was seen in full-time and part-time jobs. Most of the gains were in Ontario (+60,000 jobs) and Quebec (+30,000 jobs).
Seasonally adjusted, unemployment rates vary from 14.7% (Newfoundland and Labrador) to 5.3% (Manitoba).
Rates for all the provinces were (previous month in brackets):
• Newfoundland and Labrador 14.7% (13.8%)
• Prince Edward Island 12.3% (10.7%)
• Nova Scotia 8.8% (8.7%)
• New Brunswick 9.3% (8.8%)
• Quebec 7.8% (8.0%)
• Ontario 8.3% (8.9%)
• Manitoba 5.3% (5.7%)
• Saskatchewan 5.5% (5.0%)
• Alberta 6.7% (6.6%)
• British Columbia 7.8% (7.5%)

 

[smithac]

July 9 2010 - Statistics Canada reported that the unemployment rate fell by 0.2% to 7.9% in June with an overall increase of 93,000 jobs - the first time the rate has dropped below 8.0% since January 2009. The gain was seen in full-time and part-time jobs. Most of the gains were in Ontario (+60,000 jobs) and Quebec (+30,000 jobs).
Seasonally adjusted, unemployment rates vary from 14.7% (Newfoundland and Labrador) to 5.3% (Manitoba).
Rates for all the provinces were (previous month in brackets):
• Newfoundland and Labrador 14.7% (13.8%)
• Prince Edward Island 12.3% (10.7%)
• Nova Scotia 8.8% (8.7%)
• New Brunswick 9.3% (8.8%)
• Quebec 7.8% (8.0%)
• Ontario 8.3% (8.9%)
• Manitoba 5.3% (5.7%)
• Saskatchewan 5.5% (5.0%)
• Alberta 6.7% (6.6%)
• British Columbia 7.8% (7.5%)

This is great data Sreja and definitely shows an optimistic trend, +1 for you

 

[sreja]

CLC(Canadian Labour Congress) provided the following analysis:

* The performance of the labour market in June 2010 was quite positive. The number of full-time jobs in Canada increased relatively rapidly (+48,900), but not as rapidly as in May (+67,300). The number of full-time jobs still remains below full-time employment in October 2008 (-127,200). The number of part-time jobs, many of which were involuntary, was also up in June (+44,400). Fully 19.2% of all Canadian workers are part-timers, a proportion higher than that in October 2008 (18.6%).

* The unemployment rate was down in June to 7.9%, but the long term unemployment rate remains high. The percentage of Canadians who have been unemployed for more than 6 months was 20.5% in June and has been above 20% since January 2010. Before the crisis, the long term unemployment rate was around 12%.

* The real unemployment rate, a rate that includes discouraged workers and involuntary part-time workers, was 10.6% in June 2010, a rate considerably higher than what was observed in October 2008 (8%).

* Jobs were created last month for both men and women, in all age groups and most industries. The bad news was the record low level of employment observed in manufacturing. In June 2010, the level of employment in manufacturing was 1,735,500, down by 14,300 from the previous month. This is the lowest level observed in about 35 years. It is actually below the lowest point observed in the recessions of the early 1980s and the early 1990s, and lower than any levels observed since the beginning of the current 'great recession'.