Statistics Canada today released the unemployment data for February 2007. The unemployment rate was 6.1 % nationally .The four Western provinces had unemployment rates that averaged just over 4.0 % which is a very good result driven by the resource boom in Alberta and its spill over into the other provinces. Ontario's unemployment , on the other hand was higher at 6.3 % down one tenth of a percent from last month while Quebec's rate rose to 7.8% from 7.7 %. The rate in the Atlantic region was much higher although down somewhat from last month. Newfoundland 14.3 %; Nova Scotia, 7.4 5; New Brunswick, 6.9 % and PEI, 10.1 %. So the overall picture continues to be mixed with a very strong showing in the west but sluggish conditions in Central Canada where the auto sector and manufacturing in general continue to be affected by slowing growth in the US and layoffs in key industries.Clearly this is not the time to raise the bank rate and as I have said often before cutting it carefully and moving away from running deliberate surplus budgets which contract aggregate demand would be a good idea. the report is reproduced below courtesy of Statistics Canada.For the accompanying charts go to their site at www.Statistics Canada.
Friday, March 9, 2007
Released at 7:00 a.m. Eastern time in The Daily
February 2007Previous releaseEstimates from Statistics Canada's Labour Force Survey show little overall change in the labour market in February as employment edged up slightly (+14,000). The unemployment rate dipped 0.1 percentage points to 6.1%. Employment has been on an upward trend since August 2006 with average monthly gains of 42,000.
There were an estimated 392,000 more people working in February compared to a year ago, an increase of 2.4%. Most of the gain over the past 12 months has been in full-time employment. However, since October 2006, part-time employment has also picked up strength.
Youths were the only group with a significant increase in February as employment among both adult men and women was little changed.
The service sector continued to generate employment in February, while fewer people worked in the goods sector, the result of employment losses mainly in manufacturing and agriculture.
Manufacturing employment fell in February following six months of little change. February's losses were primarily in Quebec.
While employment was little changed in February, a long term trend that continues to hold is robust employment growth in Canada's three westernmost provinces. Since February 2006, growth in Saskatchewan, Alberta, and British Columbia has exceeded the national growth rate of 2.4%. This is in contrast to Central Canada where employment gains in both Quebec and Ontario have been more restrained with growth below the national average.
Both British Columbia and New Brunswick hit new record-low unemployment rates in February.
More people working in services
In February, employment in the service sector rose by an estimated 49,000. This sector continued to drive employment growth in Central and Eastern Canada over the past 12 months, while growth in the goods sector spurred gains in the West.
Service-sector gains in February were in finance, insurance, real estate and leasing (+18,000) with the largest increases in Quebec and Ontario. Compared to February of last year, employment in this industry is up 4.8%.
The strong upward trend in health care and social assistance observed over the past 12 months continued in February (+16,000). This brings total gains from a year ago to 110,000 (+6.3%), with growth spread across most provinces.
The number of people working in transportation and warehousing also rose in February, up 17,000, mainly in Ontario and British Columbia.
Losses in the goods-producing sector
While there was added employment in services, the goods-producing sector stumbled in February, mainly due to declines in manufacturing and agriculture.
There were manufacturing declines in Quebec (-33,000) and Alberta (-6,000) in February. The recent strike by Canadian National Railway workers may have led some manufacturers and support industries to scale back production. Despite February's decline, factory employment increased by an estimated 25,000 in Alberta from a year ago. Over the same period, manufacturing employment also increased by 10,000 in Manitoba. More recently, British Columbia has also added employment in manufacturing, with gains since last September totalling 15,000.
Agriculture also lost ground in February with an estimated 16,000 fewer people reporting this industry as their main source of employment.
While overall employment growth in the goods sector has been dampened by declines in manufacturing, there has been added employment in both natural resources (+11.5%) and construction (+4.0%) over the past 12 months. This is mostly due to strength in Alberta and British Columbia.
Atlantic Canada gains while the West holds its ground
In February, employment in Newfoundland and Labrador rose by an estimated 2,500, pushing the unemployment rate down 1.1 percentage points to 14.3%. Gains earlier in 2006 more than offset declines later in the year, leaving employment 9,000 above the level observed at the start of 2006.
Employment also rose by 2,500 in New Brunswick, bringing gains since last September, when the current upward trend began in the province, to 10,000. The increase over this period has been predominantly in the goods-producing sector. There have also been increases in health care and social assistance. The combined effect of more employment in February along with fewer people in the labour force pushed the unemployment rate down 1.2 percentage points to 6.9%, setting a 31-year low. The proportion of the population aged 15 and over who were employed rose by 0.4 percentage points to 58.8% in February, matching the record high set last year.
Despite little employment change in February, the trend in Canada's three westernmost provinces has been strong. Since February 2006, employment growth in Saskatchewan, Alberta, and British Columbia has been well above the national growth rate of 2.4% and their respective unemployment rates remain the lowest in Canada. While most of the employment growth in the West has been in the goods sector, Saskatchewan's gains were predominantly in the service sector.
In Alberta, the continued abundance of employment opportunities has resulted in a new record high employment rate in February (71.6%). Similarly, British Columbia's employment rate maintained its record high (63.5%), while the unemployment rate hit a new record low of 4.0% in February.
Overall employment remained little changed in Quebec in February as gains in construction; finance, insurance, real estate and leasing; as well as business, building and other support services were offset by large losses in manufacturing. Over the past 12 months, there have been decreases in paper, primary metal and non-metallic mineral products, plastic and rubber products, as well as in clothing manufacturing. Compared to a year ago, overall employment in the province is up 1.3% (+50,000). The unemployment rate was little changed in February at 7.8%.
Similar to Quebec, the trend in Ontario over the past 12 months is also one of slower growth than the national average with employment in the province up only 1.9% (+125,000). Growth over the past year has been stronger in part-time than in full-time employment. Although the number of factory workers held steady in February, compared to 12 months ago, employment in manufacturing is down 5.1% with the largest losses in motor vehicles and parts, primary metal and fabricated metal products manufacturing.
More youths working in February
There were an estimated 21,000 more youths employed in February, bringing total gains over the past year to 48,000 (+1.9%). Although most of the increases over this 12-month period have been in full time, more recent gains have also occurred in part time. With more youths working in February, their unemployment rate continued to trend down, falling by 0.7 percentage points to 11.0%, the lowest since 1990.
Among adults, it is women who have experienced the most employment growth over the past 12 months, up 3.5% or 223,000, while employment among men has increased by only 1.6% (+122,000). The unemployment rate for adult women remained at its record-low 4.9% in February, lower than the rate among adult men (5.3%).
Note: The Labour Force Survey estimates are based on a sample, and are therefore subject to sampling variability. Estimates for smaller geographic areas or industries will have more variability. For an explanation of sampling variability of estimates, and how to use standard errors to assess this variability, consult the "Data quality" section of the publication Labour Force Information (71-001-XWE, free).
Available on CANSIM: tables 282-0001 to 282-0042, 282-0047 to 282-0064 and 282-0069 to 282-0099.
Definitions, data sources and methods: survey number 3701.
Available at 7:00 a.m. online under The Daily module of our website.
A more detailed summary, Labour Force Information (71-001-XWE, free) is now available online for the week ending February 17. From the Publications module of our website, under Free Internet publications, choose Labour. LAN and bulk prices are available on request. The CD-ROM Labour Force Historical Review, 2006 (71F0004XCB, $209) is now available.
Data tables are also now available online. From the By Subject module of our website choose Labour.
The next release of the Labour Force Survey will be on April 5.
For general information or to order data, contact Client Services (toll-free 1-866-873-8788; 613-951-4090; labour@statcan.ca). To enquire about the concepts, methods or data quality of this release, contact Danielle Zietsma (613-951-4243) or Vincent Ferrao (613-951-4750), Labour Statistics Division.
Labour force characteristics by age and sex
January 2007 February 2007 January to February 2007 February 2006 to February 2007 January to February 2007 February 2006 to February 2007
Seasonally adjusted
thousands change in thousands % change
Both sexes 15+
Population 26,392.3 26,415.0 22.7 370.6 0.1 1.4
Labour force 17,825.8 17,827.5 1.7 369.5 0.0 2.1
Employment 16,729.3 16,743.5 14.2 392.1 0.1 2.4
Full-time 13,683.1 13,693.6 10.5 342.9 0.1 2.6
Part-time 3,046.1 3,049.8 3.7 49.2 0.1 1.6
Unemployment 1,096.5 1,084.0 -12.5 -22.6 -1.1 -2.0
Participation rate 67.5 67.5 0.0 0.5 ... ...
Unemployment rate 6.2 6.1 -0.1 -0.2 ... ...
Employment rate 63.4 63.4 0.0 0.6 ... ...
Part-time rate 18.2 18.2 0.0 -0.2 ... ...
Youths 15 to 24
Population 4,341.2 4,342.6 1.4 35.4 0.0 0.8
Labour force 2,892.3 2,894.4 2.1 40.5 0.1 1.4
Employment 2,554.9 2,575.4 20.5 48.0 0.8 1.9
Full-time 1,421.7 1,432.1 10.4 42.5 0.7 3.1
Part-time 1,133.2 1,143.3 10.1 5.5 0.9 0.5
Unemployment 337.4 319.1 -18.3 -7.4 -5.4 -2.3
Participation rate 66.6 66.7 0.1 0.4 ... ...
Unemployment rate 11.7 11.0 -0.7 -0.4 ... ...
Employment rate 58.9 59.3 0.4 0.6 ... ...
Part-time rate 44.4 44.4 0.0 -0.6 ... ...
Men 25+
Population 10,770.4 10,781.0 10.6 167.2 0.1 1.6
Labour force 7,964.0 7,958.1 -5.9 125.6 -0.1 1.6
Employment 7,544.1 7,534.0 -10.1 121.6 -0.1 1.6
Full-time 7,022.8 7,025.3 2.5 98.4 0.0 1.4
Part-time 521.3 508.7 -12.6 23.2 -2.4 4.8
Unemployment 419.9 424.1 4.2 4.1 1.0 1.0
Participation rate 73.9 73.8 -0.1 0.0 ... ...
Unemployment rate 5.3 5.3 0.0 -0.1 ... ...
Employment rate 70.0 69.9 -0.1 0.1 ... ...
Part-time rate 6.9 6.8 -0.1 0.3 ... ...
Women 25+
Population 11,280.7 11,291.4 10.7 168.0 0.1 1.5
Labour force 6,969.4 6,975.0 5.6 203.3 0.1 3.0
Employment 6,630.3 6,634.1 3.8 222.6 0.1 3.5
Full-time 5,238.7 5,236.3 -2.4 202.0 0.0 4.0
Part-time 1,391.6 1,397.9 6.3 20.6 0.5 1.5
Unemployment 339.1 340.8 1.7 -19.4 0.5 -5.4
Participation rate 61.8 61.8 0.0 0.9 ... ...
Unemployment rate 4.9 4.9 0.0 -0.4 ... ...
Employment rate 58.8 58.8 0.0 1.2 ... ...
Part-time rate 21.0 21.1 0.1 -0.4 ... ...
... not applicable
Note: Related CANSIM table 282-0087.
Employment by class of worker and industry (based on NAICS)
January 2007 February 2007 January to February 2007 February 2006 to February 2007 January to February 2007 February 2006 to February 2007
Seasonally adjusted
thousands change in thousands % change
Class of worker
Employees 14,184.6 14,189.4 4.8 377.4 0.0 2.7
Self-employed 2,544.7 2,554.1 9.4 14.8 0.4 0.6
Public/private sector employees
Public 3,199.6 3,197.8 -1.8 15.4 -0.1 0.5
Private 10,985.0 10,991.6 6.6 362.0 0.1 3.4
All industries 16,729.3 16,743.5 14.2 392.1 0.1 2.4
Goods-producing sector 4,036.9 4,002.6 -34.3 5.7 -0.8 0.1
Agriculture 346.1 330.6 -15.5 -21.1 -4.5 -6.0
Natural resources 352.0 351.1 -0.9 36.1 -0.3 11.5
Utilities 124.0 128.1 4.1 6.5 3.3 5.3
Construction 1,097.6 1,110.3 12.7 42.9 1.2 4.0
Manufacturing 2,117.2 2,082.5 -34.7 -58.8 -1.6 -2.7
Service-producing sector 12,692.4 12,740.9 48.5 386.4 0.4 3.1
Trade 2,647.2 2,638.3 -8.9 2.5 -0.3 0.1
Transportation and warehousing 806.5 823.5 17.0 23.0 2.1 2.9
Finance, insurance, real estate and leasing 1,048.4 1,066.4 18.0 48.8 1.7 4.8
Professional, scientific and technical services 1,118.5 1,120.7 2.2 38.8 0.2 3.6
Business, building and other support services 707.6 702.5 -5.1 46.4 -0.7 7.1
Educational services 1,176.8 1,169.4 -7.4 8.4 -0.6 0.7
Health care and social assistance 1,831.1 1,847.1 16.0 109.7 0.9 6.3
Information, culture and recreation 759.6 763.5 3.9 29.9 0.5 4.1
Accommodation and food services 1,054.5 1,058.0 3.5 58.9 0.3 5.9
Other services 707.8 716.6 8.8 16.3 1.2 2.3
Public administration 834.4 834.9 0.5 3.7 0.1 0.4
Note: Related to CANSIM tables 282-0088 and 282-0089.
Labour force characteristics by province
January 2007 February 2007 January to February 2007 February 2006 to February 2007 January to February 2007 February 2006 to February 2007
Seasonally adjusted
thousands change in thousands % change
Newfoundland and Labrador
Population 426.1 425.9 -0.2 -3.2 0.0 -0.7
Labour force 255.0 254.7 -0.3 1.2 -0.1 0.5
Employment 215.8 218.3 2.5 3.0 1.2 1.4
Full-time 183.2 184.6 1.4 5.3 0.8 3.0
Part-time 32.6 33.7 1.1 -2.3 3.4 -6.4
Unemployment 39.2 36.3 -2.9 -1.9 -7.4 -5.0
Participation rate 59.8 59.8 0.0 0.7 ... ...
Unemployment rate 15.4 14.3 -1.1 -0.8 ... ...
Employment rate 50.6 51.3 0.7 1.1 ... ...
Prince Edward Island
Population 112.8 112.8 0.0 0.8 0.0 0.7
Labour force 78.6 77.9 -0.7 0.6 -0.9 0.8
Employment 70.2 69.9 -0.3 1.0 -0.4 1.5
Full-time 58.2 56.6 -1.6 -1.2 -2.7 -2.1
Part-time 12.0 13.3 1.3 2.2 10.8 19.8
Unemployment 8.4 7.9 -0.5 -0.5 -6.0 -6.0
Participation rate 69.7 69.1 -0.6 0.1 ... ...
Unemployment rate 10.7 10.1 -0.6 -0.8 ... ...
Employment rate 62.2 62.0 -0.2 0.5 ... ...
Nova Scotia
Population 763.5 763.5 0.0 1.1 0.0 0.1
Labour force 487.0 486.8 -0.2 4.7 0.0 1.0
Employment 449.1 450.8 1.7 9.0 0.4 2.0
Full-time 369.1 371.1 2.0 13.0 0.5 3.6
Part-time 79.9 79.8 -0.1 -3.9 -0.1 -4.7
Unemployment 37.9 36.0 -1.9 -4.3 -5.0 -10.7
Participation rate 63.8 63.8 0.0 0.6 ... ...
Unemployment rate 7.8 7.4 -0.4 -1.0 ... ...
Employment rate 58.8 59.0 0.2 1.1 ... ...
New Brunswick
Population 611.4 611.8 0.4 0.4 0.1 0.1
Labour force 389.0 386.5 -2.5 -9.4 -0.6 -2.4
Employment 357.3 359.8 2.5 1.1 0.7 0.3
Full-time 300.5 302.7 2.2 5.8 0.7 2.0
Part-time 56.8 57.1 0.3 -4.7 0.5 -7.6
Unemployment 31.7 26.7 -5.0 -10.6 -15.8 -28.4
Participation rate 63.6 63.2 -0.4 -1.6 ... ...
Unemployment rate 8.1 6.9 -1.2 -2.5 ... ...
Employment rate 58.4 58.8 0.4 0.1 ... ...
Quebec
Population 6,288.9 6,293.0 4.1 67.8 0.1 1.1
Labour force 4,119.9 4,122.2 2.3 38.4 0.1 0.9
Employment 3,804.1 3,799.0 -5.1 50.4 -0.1 1.3
Full-time 3,102.9 3,102.7 -0.2 34.7 0.0 1.1
Part-time 701.2 696.3 -4.9 15.7 -0.7 2.3
Unemployment 315.7 323.2 7.5 -12.0 2.4 -3.6
Participation rate 65.5 65.5 0.0 -0.1 ... ...
Unemployment rate 7.7 7.8 0.1 -0.4 ... ...
Employment rate 60.5 60.4 -0.1 0.2 ... ...
... not applicable
Note: Related CANSIM table 282-0087.
Labour force characteristics by province
January 2007 February 2007 January to February 2007 February 2006 to February 2007 January to February 2007 February 2006 to February 2007
Seasonally adjusted
thousands change in thousands % change
Ontario
Population 10,301.5 10,309.2 7.7 133.5 0.1 1.3
Labour force 7,001.0 7,002.7 1.7 141.0 0.0 2.1
Employment 6,554.2 6,560.2 6.0 125.3 0.1 1.9
Full-time 5,353.4 5,354.9 1.5 58.3 0.0 1.1
Part-time 1,200.8 1,205.3 4.5 67.1 0.4 5.9
Unemployment 446.7 442.5 -4.2 15.6 -0.9 3.7
Participation rate 68.0 67.9 -0.1 0.5 ... ...
Unemployment rate 6.4 6.3 -0.1 0.1 ... ...
Employment rate 63.6 63.6 0.0 0.4 ... ...
Manitoba
Population 894.3 894.7 0.4 4.6 0.0 0.5
Labour force 619.0 617.2 -1.8 4.2 -0.3 0.7
Employment 590.7 590.5 -0.2 4.1 0.0 0.7
Full-time 478.5 478.4 -0.1 7.5 0.0 1.6
Part-time 112.2 112.1 -0.1 -3.4 -0.1 -2.9
Unemployment 28.3 26.7 -1.6 0.1 -5.7 0.4
Participation rate 69.2 69.0 -0.2 0.1 ... ...
Unemployment rate 4.6 4.3 -0.3 0.0 ... ...
Employment rate 66.1 66.0 -0.1 0.1 ... ...
Saskatchewan
Population 747.0 747.4 0.4 0.0 0.1 0.0
Labour force 526.8 524.0 -2.8 14.3 -0.5 2.8
Employment 505.1 503.3 -1.8 20.7 -0.4 4.3
Full-time 409.8 406.1 -3.7 17.4 -0.9 4.5
Part-time 95.4 97.2 1.8 3.3 1.9 3.5
Unemployment 21.6 20.7 -0.9 -6.4 -4.2 -23.6
Participation rate 70.5 70.1 -0.4 1.9 ... ...
Unemployment rate 4.1 4.0 -0.1 -1.3 ... ...
Employment rate 67.6 67.3 -0.3 2.7 ... ...
Alberta
Population 2,703.1 2,709.2 6.1 105.9 0.2 4.1
Labour force 1,997.7 2,008.1 10.4 110.1 0.5 5.8
Employment 1,932.5 1,938.7 6.2 100.7 0.3 5.5
Full-time 1,633.2 1,639.0 5.8 119.0 0.4 7.8
Part-time 299.3 299.7 0.4 -18.3 0.1 -5.8
Unemployment 65.2 69.4 4.2 9.4 6.4 15.7
Participation rate 73.9 74.1 0.2 1.2 ... ...
Unemployment rate 3.3 3.5 0.2 0.3 ... ...
Employment rate 71.5 71.6 0.1 1.0 ... ...
British Columbia
Population 3,543.7 3,547.4 3.7 59.5 0.1 1.7
Labour force 2,352.0 2,347.4 -4.6 64.3 -0.2 2.8
Employment 2,250.2 2,252.9 2.7 76.6 0.1 3.5
Full-time 1,794.3 1,797.5 3.2 83.9 0.2 4.9
Part-time 455.9 455.3 -0.6 -7.4 -0.1 -1.6
Unemployment 101.8 94.6 -7.2 -12.2 -7.1 -11.4
Participation rate 66.4 66.2 -0.2 0.7 ... ...
Unemployment rate 4.3 4.0 -0.3 -0.7 ... ...
Employment rate 63.5 63.5 0.0 1.1 ... ...
... not applicable
Note: Related CANSIM table 282-0087.
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