Article source: ConstructConnect
In June, Canada added nearly a quarter of a million net new jobs, according to the Labour Force Survey report assembled and published by Statistics Canada. The +231,000 increase, however, was not comprised of a usual mix of gains in both full-time and part-time work. Rather, full-time employment shrank by -33,000 jobs while part-time endeavors took off to the tune of +263,000 positions.
Total employment in Canada is now +8.1% year over year, with full-time work at +6.0% and part-time work at +18.0%.
The boost in part-time work has come from an uptick in the ‘accommodation and food services’ sector, where employment is now +16.8% year over year, and it has benefitted younger workers. Employment among individuals aged 15 to 24 is now +25.5% year over year.
Canada’s jobs recovery ratio, versus the scary plunge from February to April of last year, has improved to 88.6%. In services, the jobs claw-back ratio has climbed above 90%. In the public or government sector, whatever job losses there were in the Spring of last year have been retrieved and then some.
Canada’s seasonally adjusted (SA) unemployment rate now sits at 7.8%, down from 8.2% in May. The nation’s not seasonally adjusted (NSA) U rate, though, is a tight 6.0% when adjusted to the same methodological standards as are adopted in the U.S. A 6.0% NSA U rate for Canada is almost an exact match for the comparable U.S. figure of 6.1%.
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