Last Updated On 6 January 2023, 8:15 PM EST (Toronto Time)
January 6 – New Statistics Canada data shows that the unemployment rate decreased to 5% in December as compared to November 2022.
This unemployment rate is just above the record low of 4.9% recorded in June and July of 2022.
|Sectors||December 2022 (in thousands)||%Age Change November to December 2022|
|Public sector employees||4243.5||– 0.4%|
|Private sector employees||12854.5||+ 0.9%|
Overall, employment increased by 104,000 (+0.5%) in the month of December 2022.
Province-Wise Unemployment Rate In Canada
|Provinces||Unemployment rate||Monthly changes (in pts)|
|British Columbia||4.2%||– 0.2|
|New Brunswick||8.1%||+ 0.8|
|Nova Scotia||6.7%||+ 0.7|
|Prince Edward Island||5.6%||– 1.2|
|Newfoundland and Labrador||10.1%||– 0.6|
In December, employment rose in Ontario, Alberta, British Columbia, Manitoba, Newfoundland and Labrador, and Saskatchewan. The other provinces saw minimal change.
Employees absent due to illness or disability were at 8.1% of the time in December, up from 6.8% in November.
This was greater than the pre-pandemic December average of 6.9% observed from 2017 to 2019.
Employment among young people aged 15 to 24 increased by 69,000 (+2.7%) in the last month of 2022.
There was a rise in full-time employment among non-students as well as an increase in part-time employment among students.
Industry-Wise Employment In Canada
|Industry||December 2022 (in thousands)||%Age Change November to December 2022|
|Wholesale and retail trade||2855.3||-0.3|
|Health care and social assistance||2608.0||-0.7|
|Professional, scientific and technical services||1844.0||1.3|
|Finance, insurance, real estate, rental and leasing||1362.9||0.2|
|Accommodation and food services||1099.0||1.2|
|Transportation and warehousing||1013.4||3.0|
|Information, culture and recreation||840.0||3.1|
|Other services (except public administration)||757.6||1.3|
|Business, building and other support services||711.9||0.4|
The number of construction workers increased by 35,000 (+2.3%). Increases were recorded in four provinces, with Ontario (+16,000; +2.7%) and Alberta (+13,000; +5.8%) leading the way.
Employment in transportation and warehousing increased by 29,000 (+3.0%) in December, recouping 18,000 lost in September and marking the industry’s first significant growth since November 2021.
Furthermore, employment in information, culture, and leisure increased by 25,000 (+3.1%) in December, following a 16,000 increase in November.
The number of individuals employed in professional, scientific, and technical services increased by 23,000 (+1.3%), with growth concentrated in Ontario (+22,000; +2.8%).
There were also more persons employed in accommodation and food services (+13,000; +1.2%), public administration (+11,000; +0.9%), and “other services” (+10,000; +1.3%).
However, employment in healthcare and social assistance dropped (-17,000; -0.7%), despite a record high number of job openings in the business in recent months.
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