StatsCan drop in numbers led by a decline in full-time jobs, which fell by roughly 60,000 for December. BC is shedding private sector jobs. Sole job growth, and ‘part-time’ at that, was within the public sector.
The BC economy held steady in December, adding some part-time jobs, whereas nationwide the unemployment rate spiked.
According to latest figures from Statistics Canada reported late this week, there have been 13,000 more people working in B.C. last month, with the majority in part-time jobs. However, BC shed 10,000 full time positions. The agency says the unemployment rate within the province was virtually unchanged at 6.6%, as many more people participated within the job market.
The Canadian economy lost an astounding 45,900 jobs in December, while the unemployment rate rose unexpectedly, owing to more people looking for work.
Canada’s national unemployment rate rose to 7.2% for the final month of the year, compared with 6.9% just a month prior.
The December drop was led by a decline in full-time jobs that fell by roughly 60,000 for the month. The loss was offset partly by a gain of 14,200 part-time jobs.
For the month, Ontario and Alberta led the provinces lower with losses of 39,000 and 12,000 respectively. Meanwhile, B.C., Newfoundland, and Labrador gained jobs.
By industry, there were 19,000 fewer jobs in educational services, whereas the other services category, which includes personal care services, as well as civic and social organizations, lost 15,000. The agriculture sector lost 9,800, while the natural resources sector lost 8,000 jobs.
Health Care and Social Assistance were the sole industries to see gains in December, as these sectors collectively added 22,000 jobs.
The dis-satisfactory December job report capped a week of generally soft Canadian economic data that has seen the Loonie drop to its lowest level since September of 2009.
Research Resources: Vancouver Sun, StatsCan