The rate of unemployment in the country stood at 5.6% to 2018, down by 0.2 percentage point, reported Friday by Statistics Canada. This is the lowest rate observed since January 1976, when comparable data became available.
After a robust growth in 2017, employment in Quebec has remained at the same level in 2018. The number of people seeking work has increased, the unemployment rate rose 0.5 percentage point to 5.5 % at the end of 2018.
The canadian economy has entered into 2018 with the addition of 9300 net new jobs in December.
Economists had expected the addition of 5,500 jobs and an unemployment rate of 5.7 %, according to Thomson Reuters Eikon.
The result of December, following a gain of 94 100 net new jobs in November, the strongest monthly increase since march 2012.
In the employment report, on Friday, the gain of 9300 jobs for December has been deemed too weak by Statistics Canada to be statistically significant.
But a more attentive examination has revealed significant changes.
Alberta, which has been severely affected by the fall in oil prices, recorded a net decrease of 16 900 jobs last month, or 0.7 % compared to November. A jump in part-time work has been largely offset by a loss-of-36 200 full-time jobs.
For the whole of 2018, employment in Alberta increased by 0.9 %, while the province has created 21 600 jobs. The provincial unemployment rate rose from 7 % at the beginning of 2018 to 6.4 % at the end of the year.
In 2018 the countries, employment among women aged 25 to 54 years of age increased from 125 to 600 jobs, or 2.2 %, compared to 60 600 additional jobs for men, an increase of 1 % in this same age group.
Low wage growth
This report on Friday is the first major release of economic data in 2019.
The Bank of Canada monitors the growth of wages in view of its decisions in terms of interest rates, trying to determine the extent to which household debt can absorb borrowing costs higher.
The central bank, which will make an announcement on interest rates next Wednesday, has raised its key rate five times since the summer of 2017 in response to the strong economic performance of Canada. The governor, Stephen Poloz, has indicated that additional increases would be needed to prevent inflation that is too high.
Even in a labor market tightened, the last survey on the labour force shows that the growth of wages in the country has provided another low reading in December, 1.49 %, which is well below inflation.
The average annual growth in hourly wages of permanent employees was 1.46% in November — and it has slowed steadily since the peak reached in may of 3.9 %.
According to Statistics Canada, the country has generated 163 300 net new jobs in 2018, an increase of 0.9 %, which is a slower growth compared to 2.3% in 2017 and 1.2% in 2016.
The growth of employment in 2018 has been mainly concentrated in the services sectors, which have generated 151 000 jobs, compared with an increase of only 12 300 in the goods-producing industries.
An overview by province
Here is the unemployment rate last month by province (figures of the previous month are in parentheses):
- Newfoundland-and-Labrador 11.7 per cent (12,2)
- Île-du-Prince-Édouard 9,6 % (8,5)
- Nova Scotia To 7.1 % (7.0)Are
- New Brunswick Is 8.4 % (7.9-In)
- Quebec 5,5 % (5,4)
- Ontario at 5.4 % (5,6)
- Manitoba 6,0 % (5,7)
- Saskatchewan 5,6 % (5,5)
- Alberta 6,4 % (6,3)
- British Columbia 4,4 % (4,4)
JOB creation SOARED in THE UNITED STATES
WASHINGTON — job creation in the United States in December surged to their highest level since February, while the economy attracted more workers, driving up a little the unemployment rate, according to the official figures of the ministry of labour on Friday.
The american economy has created 312 000 net new jobs, with a peak in the last 10 months, but the unemployment rate rose to 3.9 % compared to 3.7 % in the previous month, in favor of an increase in the rate of participation in employment.
It rose to 63.1 %, its best level since September 2017, which is seen as a sign of dynamism in the labour market.
The average hourly wage has registered an increase of 0.4% on the month, its strongest progress since August, and 3.2 % year on year.
The total number of unemployed registered at 6.3 million, and part-time jobs remains low, at 4.7 million, even if they are in withdrawal from 329 000 on the year. AFP