Canadian economy adds over 11,000 jobs in October

Statistics Canada has just released the latest Labour Force Survey, and it is another positive update. The Canadian economy added 33,900 full-time jobs in October, but these were partially offset by losses of 22,600 part-time positions. Statistics Canada reports that the net gain of 11,200 jobs nationwide is too small to be statistically relevant.

This is roughly on par with expectations for October, with most economists projecting gains of 10,000 new jobs. Still, the national unemployment rate edged down last month to regain the historic low of 5.8 per cent.

Over the past year, employment in Canada has increased by 206,000 jobs – most of which, 173,00 of them – were in full-time work.

The unemployment rate in New Brunswick fell from 7.9 per cent down to 7.2 per cent last month. Saskatchewan saw the biggest gains in October, adding 2,500 jobs. There was little change in employment in other provinces.

Here’s a look at the current unemployment rates (and open positions on CareerBeacon) by province:

Newfoundland and Labrador 12.7 per cent [View jobs in Newfoundland and Labrador]

Prince Edward Island 7.2 per cent [Jobs in PEI]

Nova Scotia 7.7 per cent  [Jobs in Nova Scotia]

New Brunswick 7.2 per cent [Available jobs in New Brunswick]

Quebec 5.2 per cent [See jobs in Quebec]

Ontario 5.6 per cent [Job opportunities in Ontario]

Manitoba 6.1 per cent [Jobs in Manitoba]

Saskatchewan 6.2 per cent [Jobs in Saskatchewan]

Alberta 7.3 per cent [Available jobs in Alberta]

British Columbia 4.1 per cent [See jobs in B.C.]

A flurry of new reports have just been released offering an eye-opening look at the Canadian labour market – and what employers are doing to hire the staff they need. Here’s a summary of the latest data.

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