December 9, 2018 – Canada unemployment is the lowest it has been in at least 42 years, according to the latest federal government figures.
A stellar November saw unemployment drop to 5.6 per cent, the lowest since comparable figures became available in 1976, Statistics Canada says.
The drop of 0.2 percentage points comes after 94,100 jobs were added in November, meaning employment growth of 219,000 in the last year, driven entirely by full-time jobs.
Provincially, there were employment increases in eight out of 10 provinces in November, with Prince Edward Island and Newfoundland & Labrador showing slight decreases.
What Are The Labour Force Survey Highlights?
|Unemployment rate (%)||5.6|
|Employment rate (%)||61.7|
|Labour force participation rate (%)||65.4|
|Youth (15-24) unemployment rate (%)||10.8|
|Men (over 25) unemployment rate (%)||5.0|
|Women (over 25) unemployment rate (%)||4.7|
Source: Statistics Canada
Employment among workers aged 25 to 54 rose 49,000 across the month, with women contributing 32,000 and men 17,000 jobs.
Core-aged women saw unemployment drop to 4.6 per cent, and men to 4.7 per cent.
Employment in the core age-group has now risen 208,000 in the last year.
Employment also rose in the 55 and over category, by 39,000, although unemployment rose to 5.5 per cent as more people looked for work.
The 15 to 24 age-group, meanwhile, saw little change in their employment in November.
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Provincial Canada Jobs
Quebec saw employment rise by 26,000 in November, with an unemployment rate of 5.4 per cent.
The French-speaking province saw notable increases in professional, scientific and technical services, plus educational services.
Employment increased by 24,000 in Alberta, with the unemployment rate dropping a full percentage point, from 7.3 per cent to 6.3 per cent. Over the last 12 months, employment has risen 59,000 in the oil-rich province.
Which Canadian Province Has the Lowest Unemployment?
|Jobs change August||Unemployment rate (%)|
|1) British Columbia||15,900||4.4|
|7) Nova Scotia||200||7.0|
|8) New Brunswick||1,700||7.9|
|9) Prince Edward Island||-200||8.5|
|10) Newfoundland & Labrador||-1,300||12.2|
Source: Statistics Canada
Ontario saw an increase of 20,000 Canada jobs, with an unemployment rate of 5.6 per cent. Canada’s largest province has added 66,000 jobs in the last year.
British Columbia still leads the way with an unemployment rate of 4.4 per cent after adding 16,000 jobs in November. The western province has added 43,000 jobs in the last 12 months.
Another 5,500 more people found jobs in Saskatchewan in November, for an unemployment rate of 5.5 per cent.
Manitoba, meanwhile, added 2,600 jobs and has an unemployment rate of 5.7 per cent.
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The professional, scientific and technical services sector added 26,000 jobs in November, spearheaded by Quebec and Ontario.
Further gains of 19,000 jobs were seen in health care and social assistance, focused in Ontario and Alberta. In the last year, employment has grown 57,000 in the industry.
Gains were also seen in construction (15,000), business, building and other support services (15,000), transportation and warehousing (9,000) and agriculture (7,100).
Canada’s November gains were driven by the private sector, adding 79,000 jobs, while the public and self-employed sectors saw little change.
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Those looking for a job in oil and gas or related industries this year will not find the odds too favorable. With an economy that has some softness economists at the Conference Board of Canada said in their latest report that job seekers will have to wait until 2016 for real broad based employment opportunities to arise.
According to Statistics Canada, 35,000 jobs were added in January but the increase was largely due to part-time work. Meanwhile, the percentage of Canadians who aren’t working is at historic highs with many dropping out of the job search altogether.
However, according to some experts, if you’re able to adapt, there are many jobs for people across the country.
“In Canada right now, most industries are stable,” said Nathan Laurie, president of Jobpostings.ca, a company that works to connect students and recent graduates to meaningful careers.
Areas that are experiencing the most growth include science, technology, engineering, and math (STEM) fields.
Laurie said anyone with a computer science, math or engineering degree will find lots of opportunity on the job market and areas including web development, design, robotics and big data are also seeing a lot of growth. If you’re a good communicator and like working with people, Laurie also recommends a job in sales.
Health care jobs and careers focused on our aging population will also experience growth in the coming years.
“Occupations and industries that provide services and support to the aging population will certainly be growing over the next decade,” said Sean Lyons, associate professor in the College of Business and Economics at the University of Guelph.
The drop in oil prices means the once-booming oil and gas industry is taking a hit.
“We’ve seen some of our [oil and gas] clients cut jobs across the board,” said Laurie. “We’ve also heard that some companies are reducing the number of jobs they’re hiring for. So that’s going to be a much tighter market now, companies are letting people go, rather than hiring.”
Jobs in manufacturing will continue to become scarcer and scarcer over the next decade, said Haldenby, “Especially here in Canada where we’ll likely see a rapid upswing in automation through advanced robotics, smart systems, and sophisticated design tools that seem to do more and more of the heavy lifting for us.”
“Just about anything that you might be puzzled by a human tackling today — for safety, economic, or efficiency reasons — is going to be the job of an automated robotic system in the near future,” he said.
Occupations focused on youth are going to be “hit hard by Canada’s age demographics in the foreseeable future,” said Lyons.
Recently Target Canada closed down, leading to the unemployment of 17,500 employees. Target joins Mexx, Jacob, Sony, Smart Set and other chains that are closing or going bankrupt across the country. While the retail market is in tough at the moment, Laurie thinks this situation is temporary. “I personally feel there’s lots of opportunity in [the] retail sector, especially in tech and innovation side,” he said. However, the current retail closures present an opportunity for retailers who will have a large pool of highly qualified workers to select from.
On the heels of Target liquidating its 133 Canadian stores, Home Depot announced it would hire more than 2,600 people in Ontario, ramping up to its busy spring season.
While keeping on top of industry trends is one important method for navigating today’s job market, job seekers should also take a close look at the skills section of their resume. According to experts, it is important to obtaining and develop certain skills, rather than focusing entirely on specific jobs.
Economic experts are predicting good things for the Nova Scotia economy in 2014.
Major offshore projects are just some of the driving economic forces predicted to spur a 13 percent increase in spending within the province. Construction in Halifax will be particularly strong, with $500 million alone being invested in the city’s new convention center.
“Nova Scotia has got good growth next year,” said Patrick Brannon, a research analyst with the Atlantic Provinces Economic Council. “The offshore sector has provided a boost.”
Several large multinationals will continue to invest in provincial projects in the coming years, including oil and gas sector giants BP and Shell, both of which are based out of Europe. Indian firm H-Energy will be another major economic player in the region over the coming year.
The numerous construction projects are expected to bring about $3.4 billion into Nova Scotia, but will also bring numerous jobs to keep up the pace. The energy sector projects are expected to ignite growth in other sectors, particularly the service sector.
Nova Scotia reported strong economic growth in 2013 as well. The continued growth is good news for long-term prospects in the region.
Source: The Chronicle Herald