Canada sees gains in part time, youth employment as wage growth slows

10 Septembre, 2019, 13:17 | Auteur: Auguste Feret
  • A construction worker shingles the roof of a new home in a development in Ottawa on Monday

The London area's jobless rate jumped for the second straight month in August and now sits at 6.3 per cent - a slight uptick from the month prior, new Statistics Canada figures show. Finance, insurance, real estate, rental and leasing was also up, rising by 22,400 in August, while the professional, scientific and technical services sector saw an increase of 16,800 jobs. It also comes only days before the start of the campaign for the October 21 federal election. According to Statistics Canada, many of them were part-time.

The new jobs in August included a boost of 94,300 jobs in the private sector and a rush of 73,300 new positions in services industries, the agency said in its latest labour force survey.

Of the 13,000 jobs added to the local job market in the a year ago, an estimated 9,000 have been full time.

The report says 57,200 of the new jobs were part time and 42,000 of the positions were held by young workers aged 15 to 24-years-old. The city's unemployment rate was 4.2 per cent in August, the same as July.

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The employment rate, on the other hand, gives a better sense of people who are neither working nor looking for work, because it shows the percentage of people employed.

"With solid details top to bottom, it is hard not to like today's report", TD senior economist Brian DePratto wrote in a report to clients.

While B.C.'s performance lagged in August, Canada as a whole added 81,100 jobs, while the unemployment rate remained unchanged at 5.7%. The Canadian dollar strengthened to a one-month high at 1.3179 to the dollar, or 75.88 cents US, after the jobs gain. Both full and part-time work has increased by 306,000 (2 per cent increase) and 165,000 (4.8 per cent increase) respectively.

Note to readers: This is a corrected story. An earlier version incorrectly stated the average hourly wage growth.

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