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Canadian Unemployment at 7.4%

December 4 2011 - Statistics Canada reported that the unemployment rate rose by 0.1% to 7.4% in November as employment fell by 19,000 - 53,000 part-time jobs lost compensated partly by more full-time jobs. Quebec and Saskatchewan showed employment losses in November while Nova Scotia gained jobs.

Seasonally adjusted, unemployment rates vary from 13.2% (Newfoundland and Labrador) to 5.0% (Alberta).



Rates for all the provinces were (previous month in brackets):

  • Newfoundland and Labrador 13.2% (12.9%)
  • Prince Edward Island 11.1% (11.2%)
  • Nova Scotia 8.6% (8.6%)
  • New Brunswick 9.8% (9.4%)
  • Quebec 8.0% (7.7%)
  • Ontario 7.9% (8.1%)
  • Manitoba 5.5% (5.2%)
  • Saskatchewan 5.1% (4.1%)
  • Alberta 5.0% (5.1%)
  • British Columbia 7.0% (6.6%)

Ken Georgetti, president of the Canadian Labour Congress said:

"Canada’s economy is headed for a slow down, according to the Organization for Economic Co-operation and Development and other expert observers.

"That means unemployment will remain high at a time when the Employment Insurance system is failing workers who lose their jobs. That has to be fixed and the place to begin is with the next federal budget."

CLC Senior Researcher Chris Roberts provided the following analysis:

"Canada’s job market continued to sputter in November. Having been essentially flat since July, employment fell for the second consecutive month. The labour market lost a net 18,600 jobs, with all of the reduction coming in part-time work, which fell by 53,300. Many of these part-time jobs were among the self-employed, with 27,500 jobs lost from last month. Full-time jobs rose by 34,600 in November, making up only half of October’s full-time job losses. The number of unemployed Canadians increased for the second straight month, climbing by 20,500 to 1,394,700. The unemployment rate rose to 7.4 % up from 7.3 % in October and 7.1% in September. While employment in manufacturing fell for the second month in a row (-7,300), job losses in November were concentrated in services (-43,900), particularly retail and wholesale trade (-34,100) and business services (-29,200)."

 


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