Part-time work fuels boost in jobs

OTTAWA -- The Canadian labour force received a boost of 22,800 net jobs last month, thanks to a big gain in part-time work, Statistics Canada said Friday.

See Full Article

The federal agency's latest jobs survey found that positions in the more-desirable category of full-time employment actually fell in December by 6,400. The economy added 29,200 part-time jobs last month.

A closer look at the jobs data also showed that self-employed positions rose by 40,300 last month.

The national unemployment rate for December remained unchanged at 7.1 per cent.

"Don't pull the curtain back to look behind the strong Canadian employment gain in December, because the picture doesn't look nearly as pretty when you do," said Avery Shenfeld of CIBC Economics in a note to clients.

"All told, a nice headline masking a continuing trend for weak hiring by private sector companies in Canada."

A consensus of economists had projected the economy would add 10,000 positions last month and for the jobless rate to stay at 7.1 per cent, according to Thomson Reuters.

By region, the report said Ontario's unemployment rate dropped to 6.7 per cent from 6.9 per cent as it added 34,900 net positions in December, including increases of 26,600 jobs in the services sector and 8,200 in goods production.

The December increase follows a drop of 35,700 jobs in November, a decline largely caused by the previous month's rise in temporary work likely generated by the federal election.

The report released Friday also contained a year-end review that said national employment rose by 0.9 per cent in 2015 as the labour force bulked up by 158,000 net jobs.

The 2015 employment growth rate was slightly stronger than in 2014 and 2013, when the overall number of jobs expanded by just 0.7 per cent in each of those years.

Employment in British Columbia grew by 2.3 per cent last year -- the highest rate of any province -- as it added 52,000 jobs.

Resource-rich Newfoundland and Labrador was the only province that experienced a decline in employment last year. Its employment rate decreased 1.8 per cent as it shed 4,300 jobs. For 2015, the provincial unemployment rate rose 2.6 percentage points to 14.4 per cent.

The year-end data says employment fell by 6.8 per cent in the battered natural resources industry following the sharp slide in commodity prices. The manufacturing sector, which was expected to benefit from the lower dollar, increased by 2.1 per cent in 2015.

Statistics Canada also released fresh figures Friday on building permits.

The agency said municipalities issued $6.2 billion worth of building permits in November, down 19.6 per cent from October.

The value of residential building permits totalled $4 billion in November, a decline of 17.8 per cent from the previous month. Meanwhile, permits for non-residential buildings in November was $2.2 billion, which was 22.7 per cent lower than October.

Canada's national unemployment rate was 7.1 per cent in December. Here's what happened provincially (previous month in brackets):

  • Newfoundland and Labrador 14.4 per cent (13.0)
  • Prince Edward Island 9.7 (10.4)
  • Nova Scotia 8.6 (8.6)
  • New Brunswick 8.9 (8.7)
  • Quebec 7.8 (7.5)
  • Ontario 6.7 (6.9)
  • Manitoba 5.9 (6.1)
  • Saskatchewan 5.5 (5.5)
  • Alberta 7.0 (7.0)
  • British Columbia 6.7 (6.2)

Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities but cautions the figures may fluctuate widely because they are based on small statistical samples. (Previous month in brackets.)

  • St. John's, N.L. 6.4 per cent (6.2)
  • Halifax 6.2 (6.1)
  • Moncton, N.B. 6.2 (5.8)
  • Saint John, N.B. 7.7 (7.3)
  • Saguenay, Que. 7.5 (7.6)
  • Quebec 4.9 (4.8)
  • Sherbrooke, Que. 6.6 (6.3)
  • Trois-Rivieres, Que. 7.3 (6.9)
  • Montreal 8.7 (8.6)
  • Gatineau, Que. 6.1 (6.4)
  • Ottawa 6.3 (6.3)
  • Kingston, Ont. 6.5 (6.7)
  • Peterborough, Ont. 7.6 (8.6)
  • Oshawa, Ont. 7.0 (7.8)
  • Toronto 7.0 (7.0)
  • Hamilton, Ont. 5.9 (6.0)
  • St. Catharines-Niagara, Ont. 8.0 (7.8)
  • Kitchener-Cambridge-Waterloo, Ont. 6.4 (5.9)
  • Brantford, Ont. 4.9 (5.4)
  • Guelph, Ont. 4.2 (4.2)
  • London, Ont. 6.2 (6.8)
  • Windsor, Ont. 9.7 (10.0)
  • Barrie, Ont. 6.4 (6.1)
  • Sudbury, Ont. 8.4 (8.2)
  • Thunder Bay, Ont. 5.7 (5.3)
  • Winnipeg 6.1 (5.7)
  • Regina 4.1 (4.0)
  • Saskatoon 6.4 (6.1)
  • Calgary 7.0 (6.9)
  • Edmonton 6.2 (6.1)
  • Kelowna, B.C. 6.7 (6.2)
  • Abbotsford, B.C. 7.6 (7.2)
  • Vancouver 5.7 (5.8)
  • Victoria 6.1 (6.3)


Advertisements

Latest Economic News

  • Michael Kors takes over shoemaker Jimmy Choo

    Economic CTV News
    LONDON -- American fashion brand Michael Kors has bought luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds). Kors says that London-listed Jimmy Choo is "the ideal partner" that will be bolstered with further development of its online presence. Source
  • Smugglers offer crammed big rigs as 'VIP treatment' to U.S.

    Economic CTV News
    SAN DIEGO -- When Thomas Homan, the acting director of U.S. Immigration and Customs Enforcement, was awakened Sunday morning with news that migrants were found dead inside a sweltering tractor-trailer outside a San Antonio Walmart, his mind flashed back to 2003, when he stood at the back of a truck about 200 kilometres southeast of San Antonio that carried 19 dead migrants. Source
  • New Democrats promise to fix Insurance Corp. of B.C. amid spectre of rate hikes

    Economic CTV News
    VANCOUVER -- British Columbia's attorney general is reassuring drivers they will not be on the hook for a hike in auto-insurance rates, despite a report released Monday forecasting prices could soar as much as 30 per cent without immediate and drastic action. Source
  • Venturing Out with Arlene Dickinson and guest Dino Trevisani

    Economic CBC News
    CBC Calgary presents Venturing Out with Arlene Dickinson. It's a seven-part series of candid conversations between Arlene and some of Canada's top entrepreneurs. They cover the highs the lows and everything in-between when it comes to starting and running a business in Canada. Source
  • Asian stocks sag amid caution on earnings, politics

    Economic CTV News
    TOKYO -- Asian share benchmarks sagged Tuesday as investors awaited a slew of corporate earnings reports. A meeting of the Federal Reserve and caution over potential twists and turns in U.S. politics kept most indexes trading within a narrow range. Source
  • New investment rules fail to reveal some hidden fees

    Economic CBC News
    You may have noticed some new information in your latest investment update, and some of it might have you scratching your head. It's all thanks to a new set of rules, mandated by Canadian securities regulators, called Client Relationship Model 2 (CRM2), which is supposed to provide investors with more information about what they're spending to have their money managed, and how their investments are performing. Source
  • 'Energizer Bunny' loonie to peak near 80 cents US: experts

    Economic CTV News
    Two leading Bay Street strategists expect the Canadian dollar’s steady climb over the last two months will start to top out at about 80 cents US, a level it flirted with on Monday amid signs of an increasingly robust economy. Source
  • In Google vs. the EU, a $2.7B fine could just be the start

    Economic CTV News
    SAN FRANCISCO -- Google's parent company Alphabet can easily afford the $2.7 billion write-down it's taking to cover a big antitrust fine in Europe. But it might find it harder to shrug off the rest of the European regulatory assault that's headed its way. Source
  • Alphabet profit slumps on record $2.7B US fine by European Union

    Economic CBC News
    Alphabet Inc. reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record fine imposed on its Google unit by the EU. EU antitrust regulators last month hit Google with a record 2.4-billion-euro ($2.7 billion US) fine for favouring its own shopping service, taking a tough line in the first of three probes of its dominance in searches and smartphone operating systems. Source
  • Why an 80-cent loonie is good for shoppers but bad for oil producers

    Economic CBC News
    One of the few saving graces of the oil downturn has been that oil is priced in U.S. dollars. Energy companies sell their products in U.S. currency, but pay their expenses in Canadian dollars. So as the loonie dropped over the past three years, it tempered the brutal downturn. Source