Canada adds 31,200 jobs in October; gains in paid employees offset by declines in self-employment

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November 05, 2021

After returning to its pre-pandemic level in September, Canadian employment held steady in October, Statistics Canada reported today. The country added 31,200 jobs in October, bringing total employment to more than 19.1 million.

The gain was all in full-time jobs, which rose by 36,400; part-time jobs fell by 5,200. In addition, gains among paid employees were offset by continued declines in self-employment, which reached its lowest level since 2007. In October, a gain of 69,500 private-sector employees was partially offset a loss of 38,200 in self-employment. The number of public sector employees was unchanged. With October losses, self-employment was the lowest observed since March 2007, trailing its pre-pandemic February 2020 level by 9.7%, or a loss of 279,000 jobs.

Compared with the September reference week, more proof-of-vaccination initiatives were in effect in various provinces and workplaces, according to Statistics Canada. In British Columbia, Quebec, and Ontario, capacity limits were lifted in many sectors of activity where proof of vaccination is now mandatory.

Canada’s unemployment rate fell 0.2 percentage points in October to 6.7% — a 20-month low and within 1.0 percentage points of the 5.7% rate in February 2020.

The labor force participation rate — the share of the population working or searching for work — edged downward to 65.3% in October from 65.5% in September as fewer youth aged 15 to 24 searched for work. The size of the October decrease is consistent with typical monthly variations observed prior to the Covid-19 pandemic, and the overall participation rate in October was virtually the same as the pre-pandemic rate of 65.5% observed in February 2020, Statistics Canada reported.

Employment increases in some industries — including retail trade — were offset by declines elsewhere, including in accommodation and food services. Employment rose in Ontario and New Brunswick, while it fell in Manitoba and Saskatchewan.

Looking at just Ontario, the number of jobs rose by 37,000 to a total of more than 7.5 million. The province gained 42,300 part-time jobs but lost 5,400 full-time jobs. Ontario’s unemployment rate fell to 7.0% in October from 7.3% in September.

http://www2.staffingindustry.com/site/Editorial/Daily-News/Canada-adds-31-200-jobs-in-October-gains-in-paid-employees-offset-by-declines-in-self-employment-59645

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