Employment Report from the Canadian Chamber of Commerce

There has been considerable volatility in labour market data in recent months (Canada’s economy created roughly 50,000 jobs in February, only to shed the same number of positions a month later). It appears the wild swings have subsided. Employment changed little in April (+12,500) and the unemployment rate remained at 7.2%.

There were 34,000 more people working in the public sector in April, the private sector shed 20,000 jobs, while there was little change in the number of self-employed (-1,700). All the net jobs created were full-time positions.

The segment of the population aged 24 to 54 posted the largest increase in employment in April (+30,600). For people aged 55 and over, employment was unchanged. Employment among youths (aged 15 to 24) declined by 18,800.

The goods-producing sector added 24,500 to its payrolls, with almost 21,000 jobs created in the manufacturing sector. Manufacturing has had a particularly rough stretch over the last 12 months, with a net loss of almost 52,000 jobs. Employment was little changed in the agriculture, natural resources, utilities and construction sectors.

Services sector employment fell by 12,000, with most of the job losses occurring in transportation and warehousing, retail and wholesale trade, and in business support services.   

Regionally, Alberta was the biggest generator of new jobs, adding 14,800, followed by British Columbia with an increase of 9,500. Manitoba had the biggest drop in employment, shedding 11,100 jobs. Employment was little changes in the rest of Canada.

Average hourly wage growth picked up to 2.9% year-over-year in April from 2.1% year-over-year in March.

In the last 12 months, employment has risen by 162,500, all in full-time. Fifty-eight per cent of the net new jobs created have been in the public sector, 36.2% in self-employment, and 6.2% in the private sector. This is a largely a reflection of a still-sluggish economy.

Tina Kremmidas | Chief Economist | 416.868.6415 (222)

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Hi, I am Angela Fiebelkorn, President of the Fort Simpson Chamber. You can contact us at fscofc@gmail(dot)com or call 867-695-6538.