84,000 Jobs Credited to Canada’s Labour Market in October

Key Highlights:

• Overview of Canada’s labour market in October
• Labour market conditions in provinces
• The Canada Statistics ‘Labour Force Survey’

The labour market in Canada gained 84,000 jobs in the past month. According to Statistics Canada, the unemployment rate in the country also fell 0.1% in October. 

However, this employment growth is significantly slower than it was in the month before.

How it Unfolded

There were 378,200 jobs that were created in Canada’s labour market between the months of August and September.

• Restrictions were re-imposed throughout Canada in regards to the increase in COVID cases. This led to the slower employment growth.
• Compared to September, there was very little change in the employment rate, according to the latest Labour Force Survey conducted by Statistics Canada.

The unemployment rate in Canada in October was 8.9% in comparison to 9.0% in September.

This survey also stated that the number of self-employed people increased by 33,000 for the first time since the beginning of COVID-19 pandemic. But youth employment remained below pre-pandemic levels compared to other major age groups.

Labour Market Conditions from Province to Province

Canadian provinces saw employment rates increase in October, although some provinces saw little or no change.

• British Columbia gained 34,000 new jobs in October
• Ontario created 31,000 new jobs in the same period
• Alberta increased employment rate by adding 23,000 new jobs
• Newfoundland & Labrador added 5,900 jobs
• Prince Edward Island - 900 new jobs added

The survey also pointed out that the gains in employment rates was partially offset by loss of jobs in accommodation and food services. There was a decline in the information, culture and recreation industry as well.

The data and statistics of the Labour Force Survey provides important information and insights into the employment and recovery impacts of COVID-19.

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