According to Statistics Canada, the unemployment rate fell 0.1 percentage point to 5.1%. This was the second decline in three months, and brought the rate closer to the record low of 4.9% recorded in June and July.
Source: Statistics Canada
Employment was little changed (+10,000) in November after increasing by 108,000 (+0.6%) in October.
Source: Statistics Canada
- In Quebec, employment increased by 28,100 (+0.6%) in November, which represents the third increase in three months. The province's unemployment rate fell 0.3 percentage points to 3.8%.
- In November, employee average hourly wage growth remained above 5% for a sixth consecutive month, up 5.6% (+$1.71 to $32.11) from a year earlier early November...
- The employment rate stood at 61.5% in November 2022, down 0.1 percentage point from the rate of 61.6% in October 2022.
- The participation rate fell by 0.1 percentage point to 64.8% in November, but was 0.5 percentage point below the recent peak of 65.4% reached in February and March 2022.
- The number of employees changed little in November, both in the public sector and in the private sector. Over the past 12 months, the number of employees has increased at a similar pace in both the public (+2.2%; +91,000) and private (+2.0%; +255,000) sectors.
The number of self-employed workers also changed little in November. Self-employment trended slightly upward from October 2021 to May 2022, but has seen little net growth in recent months.
- The adjusted unemployment rate — which includes people who wanted a job but did not look for one — was little changed in November, at 7.0%.
Definition
The employment rate represents the number of employed persons expressed as a percentage of the population aged 15 and over. The employment rate of a particular group (eg young people aged 15-24) is the number of employed persons in that group expressed as a percentage of the population in that same group.
Unemployment rate represents the number of unemployed expressed as a percentage of the active population (employed and unemployed).
The activity rate is the number of employed and unemployed expressed as a percentage of the population aged 15 and over.
Full time employment includes persons who usually work 30 hours or more per week at their main or only job.
Part-time employment includes persons who usually work less than 30 hours per week at their main or only job.
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