Published on : November 11, 2020
The labour market in Canada gained 84,000 jobs in the past month. According to Statistics Canada, the unemployment rate in the country also fell 0.1% in October.
However, this employment growth is significantly slower than it was in the month before.
There were 378,200 jobs that were created in Canada’s labour market between the months of August and September.
The unemployment rate in Canada in October was 8.9% in comparison to 9.0% in September.
This survey also stated that the number of self-employed people increased by 33,000 for the first time since the beginning of COVID-19 pandemic. But youth employment remained below pre-pandemic levels compared to other major age groups.
Labour Market Conditions from Province to Province
Canadian provinces saw employment rates increase in October, although some provinces saw little or no change.
The survey also pointed out that the gains in employment rates was partially offset by loss of jobs in accommodation and food services. There was a decline in the information, culture and recreation industry as well.
The data and statistics of the Labour Force Survey provides important information and insights into the employment and recovery impacts of COVID-19.
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