Unemployment down from 7% to 6.8%
Ottawa – After two consecutive months of notable increases, employment was little changed in November (+11,000 or +0.1%). With fewer people searching for work, the unemployment rate fell by 0.2 percentage points to 6.8%. Compared with November 2015, overall employment rose by 183,000 (+1.0%), with the number of people working part time increasing by 214,000 (+6.4%). Over the same period, the total number of hours worked was up 1.1%.
In November, employment increased for men in the 25 to 54 age group and for men 55 and older, while it declined for women 55 and older. There was little change among the other demographic groups. Provincially, employment rose in Nova Scotia while it fell in Alberta.
More people were employed in the finance, insurance, real estate and leasing industry, in information, culture and recreation, in the “other services” industry and in agriculture. On the other hand, declines were observed in construction, in manufacturing, as well as in transportation and warehousing. There were fewer self-employed workers in November, while the number of employees was little changed in both the public and private sectors.
Employment rose by 22,000 among men aged 25 to 54 in November, and their unemployment rate was 6.3%. Compared with 12 months earlier, employment for men in this age group was little changed. For men 55 and older, employment increased by 13,000, lowering their unemployment rate by 0.7 percentage points to 6.6%. On a year-over-year basis, employment for this group was up 47,000 (+2.3%) and their unemployment rate was unchanged.
Among women 55 and older, employment fell by 19,000 in November and the unemployment rate was 4.7%. In the 12 months to November, employment for women in this age group was up 80,000 or 4.8%—the largest employment growth of all demographic groups. While little changed in the month, employment for women 25 to 54 was up 54,000 (+1.0%) on a year-over-year basis. At the same time, their unemployment rate declined by 0.6 percentage points to 5.2%. Youth aged 15 to 24 saw little change in employment both on a monthly and year-over-year basis, while their population growth continued on a downward trend. The youth unemployment rate stood at 12.9% in November.