Unemployment Numbers October 2013

Nov 08, 2013

The Statistics Canada unemployment numbers were released today for October, showing no change in the Canadian unemployment rate of 6.9% for the second consecutive month.  Compared with October 2012, employment increased by 1.2% or 214,000, with gains in full-time and part-time work. Over the same period, the number of hours worked rose by 1.4%

While employment was little changed provincially, in Saskatchewan in October, the unemployment rate fell 0.7 percentage points to 3.6%, the lowest of all provinces.  Alberta remained steady with a slight increase to 4.4% and BC improved with a couple point gains to 6.5%.  The numbers remain strong and reflect a robust Western employment industry.

Most encouraging was that the unemployment rate stayed at the lowest level it has been since before the deep 2008-09 recession, and that it managed to achieve the feat without a drop in the labour force.

By sector, accommodation and food services added about 30,000 workers in October, while employment in health care and social assistance rose by 20,000 and by an almost equal amount in the public administration industry.

Meanwhile, employment in the business, building and other support services fell by 33,000 and both manufacturing and construction continued to struggle with minor declines in employment.