According to the latest Labor Force Survey (December 2022) released by Statistics Canada, employment in Canada increased 0.5 percentage points month-over-month (+104,000 jobs) as the national unemployment rate fell to 5.0% (-0.1% month-over-month) . ,
General employment trends across Canada
Many immigrants to Canada come to this country in search of a better life, which often includes high-paying, stable employment. The December 2022 Labor Force Survey shows strong growth in median hourly wages for workers across Canada – staying above 5% for seven consecutive months and up 5.1% year-over-year (YOY) .
In addition to the increase in average hourly wages across Canada, it is worth noting that private sector employment is at the root of Canada’s employment boom, as the workforce in private sector jobs increased by 112,000 in December. Self-employment and public sector employment were non-factors relative to the previous month.
Employment outcomes also improved for many different age groups in Canada, as the number of people aged 15 to 24 increased by 69,000 (+2.7%), while those 55 or older (+31,000 jobs) There was also an increase in employment for
Employment Trends by Industry
In the healthcare and social assistance industry, total employment declined by 17,000 jobs (a decline of 0.7%) in the month of December. In the same time frame since the last labor force survey, employment has increased across Canada in each of the following seven industries.
construction: Total employment in the construction industry across Canada is projected to increase by 35,000 jobs in December 2022, an increase of 2.3%.
Transportation and Storage: The transportation and warehousing industry in this country saw an increase in employment of 29,000 jobs (3.0%) in December.
Information, Culture and Entertainment: An additional 25,000 jobs are projected to be taken in this industry across Canada by the end of 2022, an increase of 3.1%.
Professional, scientific and technical services: Employment in this industry increased by more than 1% (+1.3%) as the number of people employed in this industry increased by 23,000.
Accommodation and Dining Services: This industry added 13,000 more people than the previous month (+1.2%).
Public Administration: Employment in this sector is projected to increase by 11,000 jobs, an increase of 0.9% between November and December of 2022.
“other services”: This industry added 10,000 more people than the previous month (+1.3%).
Employment trends by province and territory
In December 2022, employment increased in six different provinces: Ontario, Alberta, British Columbia, Manitoba, Newfoundland and Labrador, and Saskatchewan.
In Ontario, employment increased by 42,000 jobs (+0.5%) in December, up 1.4% year over year. Ontario-wide unemployment is projected to drop to 5.3% by the end of 2022, a decrease of 0.8%.
Employment in Alberta increased by 25,000 jobs (+1.0%) in December, although the unemployment rate held steady at 5.8%. Employment in Alberta increased by 3.9% — and the unemployment rate decreased by 1.7 percentage points — YOY.
The December 2022 results for the four remaining provinces mentioned above are as follows:
British Columbia: Employment to increase by 17,000 jobs (0.6%) in December 2022, while the unemployment rate remains relatively stable at 4.2%
Manitoba: Manitoba employment grew 1% in December (7,000 jobs) while province-wide unemployment was unchanged at 4.4% for the month
Saskatchewan: In Saskatchewan, employment increased by 4,200 jobs (+0.7%) in December, while the unemployment rate was little changed at 4.1%.
Newfoundland and Labrador: In December 2022, employment in this province increased by almost three percent (+2.9%). However, NL recorded the highest unemployment rate of all 10 Canadian provinces (10.1%).
Comment: Employment results in Canada’s other four provinces remain relatively stable through the end of 2022, but this month’s labor force survey indicated unemployment in Quebec hit 4% in December 2022, while YOY employment was up 1.8% across the province And unemployment fell 0.7% YOY.
Of Canada’s three territories, which all provide quarterly employment updates, the only notable movement involved Yukon’s unemployment rate, which rose to 4.8% (+2.3%) in Q4 2022. Quarterly employment and unemployment rates in the three regions were otherwise relatively stable.
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