Canada sees biggest monthly job loss since 2009: Report
Apparently, November wasn’t a very good month for employment across the country.
According to a recent government report from Statistics Canada, employment fell drastically in November 2019 with the loss of 71,000 jobs — the biggest job loss in one month since 2009.
“After holding steady in October, employment fell by 71,000 (-0.4%) in November. The unemployment rate rose by 0.4 percentage points to 5.9%,” the report says.
“Compared with November 2018, employment gains totalled 293,000 (+1.6%), with the increase largely accounted for by full-time work. Over the same period, total hours worked grew by 0.2%.”
Specifically, employment declined the most in Quebec, Alberta and British Columbia, with less drastic changes in other provinces.
Considering age and gender demographics, Statistics Canada says employment was down for men in the core working ages of 25 to 54 and women aged 55 and over.
“Employment among core-aged men declined for the second consecutive month, down 30,000 in November. Following an increase in October, employment fell by 21,000 for women aged 55 and over in November, and their unemployment rate rose 0.3 percentage points to 4.7%.”
Unemployment rate chart
The report states that employment fell in both the goods-producing and services-producing sectors, and also notes a large drop in the number of private-sector employees (50,000 fewer in November).
To read the full report, click here.
What do you think of these results?