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Peterborough unemployment rate falls to 7.1% but remains highest of Ontario's major cities

http://www.thepeterboroughexaminer.com/2017/10/06/peterborough-unemployment-rate-falls-to-71-but-remains-highest-of-ontarios-major-cities

October 6th, 2017

Peterborough's unemployment rate fell to 7.1 per cent in September from 8.3 per cent in August but remains the highest jobless rate of Ontario's 15 census metropolitan areas, Statistics Canada reported Friday.

After having had the highest jobless rate of Canada's 34 census metropolitan areas in July, Peterborough had the sixth highest rate in September. St. John's, N.L. was highest at 8.9 per cent.

The national unemployment rate remained at a nine-year low of 6.2 per cent in September while Ontario's jobless rate also dipped to 5.6 per cent from 5.7 per cent in August.

Nearby, Oshawa's jobless rate fell to 4.9 per cent in September from 5.3 per cent in august; Kingston's rose to 5.5 per cent from 5.3 per cent while Barrie's dropped to 6 per cent from 6.6 per cent.

Despite Peterborough's high jobless rate, more people were actually working in Peterborough in September than a year ago and the local labour force has grown over the past year.

Peterborough had 1,200 more people working in September compared to August and 4,000 more working compared to a year ago.

There were 800 fewer people looking for work than a month earlier, but there were still 1,100 more people looking for work than there were in September 2016.

Peterborough's adjusted labour force stood at 67,400 in September, up from 62,400 in September 2016. Of those 62,700 were employed and 4,800 were unemployed, compared to 58,700 and 3,700 a year ago. The labour participation rate was 64.1 per cent in September, up sharply from 59.6 per cent a year ago.

The Peterborough CMA of about 105,000 people includes the city, the four surrounding townships of Cavan Monaghan, Selwyn, Douro-Dummer and Otonabee-South Monaghan, along with Curve Lake and Hiawatha First Nations.

Statistics Canada jobless figures are based on surveys adjusted to a three-month rolling average.


Labour data ’impressive’ as Canada adds jobs for 10th straight month

Andy Blatchford

THE CANADIAN PRESS

OTTAWA — The labour market posted a 10th-straight month of net job gains in September to match the economy’s longest monthly streak since the financial crisis almost a decade ago, Statistics Canada said Friday.

The national unemployment rate stayed at a nine-year low of 6.2 per cent after Canada added 10,000 net new jobs, including a surge of 112,000 full-time positions. The rise in full-time work more than offset a drop of 102,000 part-time jobs.

Wage growth also perked up in the latest survey, a long-awaited development after it remained surprisingly low earlier in the year despite the steady tightening of the country’s job market.

Experts underlined a lot of positives in a jobs report that arrived amid recent signs suggesting the economy is already starting to cool down, as widely expected, following red-hot start to the year.

“The underlying story is the economy is still churning out jobs at a pretty solid pace, the unemployment rate is slowly but surely grinding down and, yes, the majority of the job gains actually are in full-time positions,” BMO chief economist Doug Porter said in an interview.

“So, I would categorize this as a robust report. The headline number isn’t that impressive, but the details were quite impressive.”

On average hourly wages, Porter said last month’s 2.2 per cent year-over-year growth “isn’t going to knock anybody’s socks off,” but he noted the number does mark a comeback from some mysteriously soft numbers earlier in the year.

Scotiabank’s Derek Holt said wage growth has seen some considerable gains in recent months and was only 0.5 per cent as recently as April.

“There is serious consideration to be given to the argument that the Bank of Canada is behind wage and price pressures that may be starting to spiral upward,” Holt wrote Friday in a research note to clients.

He said the squeeze could lead the inflation-targeting central bank towards another interest-rate hike as early as October.

Overall, Holt called the quality of the job growth “solid.”

CIBC chief economist Avery Shenfeld had a different take on the report.

He said Canada’s job marketwas “ho-hum” last month and in line with other signals of a moderation in economic growth.

In a note to clients, Shenfeld suggested that weighs against the probability of a third interest rate hike this year from the Bank of Canada.

The jobs report Friday showed an increase in factory work as the goods-producing sector added 10,500 jobs, compared to a loss of 500 positions in the services industry.

The survey detected a gain of 10,800 paid employee jobs, while the number of people who described themselves as self-employed, including unpaid workers in family businesses, fell by 800.

Employee positions in the public-sector saw a gain of 26,200, while the number of private-sector employee jobs fell by 15,500.

Statistics Canada said Ontario gained 34,700 jobs in September for its fourth monthly increase in five months and, compared to a year earlier, the province’s employment was 2.4 per cent higher. Manitoba shed 5,500 positions for its first notable decline since April 2016, the report said.

Overall, the national numbers show that Canada’s year-over-year employment expanded 1.8 per cent with the addition of 319,700 net new jobs, of which more than 90 per cent were full-time positions.

The run of 10-consecutive months of job creation marked the country’s longest streak of total employment gains since February 2008.


Ontario gains 35,000 jobs, fourth month in a row of jobs gains

ANTONELLA ARTUSO

POSTMEDIA NETWORK

Governments are crowing about how many jobs Ontario created last month.

And so they should, since they hired almost half of them.

Statistics Canada released its Labour Force Survey Friday, making special note that Ontario's employment rose by 35,000 jobs overall in September -- the fourth gain in five months.

The province saw an increase in 78,000 full-time positions, offset in part by 43,000 fewer part-time jobs.

However, when probing deeper into the Stats Canada numbers, it turns out that almost half the jobs created in Ontario in September were in the category of public sector employee, 16,300 positions or a 1.2% increase in one month.

The public sector jobs were not broken down further into municipal, provincial or federal positions.

The private sector added 9,200 jobs for a 0.2% monthly increase, while the number of self-employed rose by 9,100 positions, an 0.8% bump over August.

Still, Ontario welcomed the overall job numbers, and used them to help justify its plan to increase the minimum wage in a series of hikes starting this month leading to a $15-an-hour wage by January 1, 2019.

While supporters see it as a positive move to counter poverty, opponents say it will kill jobs.

"The employment increase included gains in sectors such as wholesale and retail trade, and manufacturing," a statement from the Ontario Ministry of Economic Development said. "Building on this strong economic momentum, Ontario is taking historic action to create more opportunity and security for workers...This includes hiking the minimum wage, ensuring part-time workers are paid the same hourly wage as full-time workers, introducing paid sick days for every worker and stepping up enforcement of employment laws."

aartuso@postmedia.com


National employment numbers for September from Statistics Canada, at a glance

THE CANADIAN PRESS

OTTAWA — A quick look at September employment (previous month in brackets):

Unemployment rate: 6.2 per cent (6.2)

Employment rate: 61.6 per cent (61.6)

Labour force participation rate: 65.6 per cent (65.7)

Number unemployed: 1,214,100 (1,226,600)

Number working: 18,454,100 (18,444,100)

Youth (15-24 years) unemployment rate: 10.3 per cent (11.5)

Men (25 plus) unemployment rate: 5.8 per cent (5.5)

Women (25 plus) unemployment rate: 5.1 per cent (5.2)


Here’s a quick glance at unemployment rates for September, by Canadian city

THE CANADIAN PRESS

OTTAWA — The national unemployment rate was 6.2 per cent in September. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (previous month in brackets):

— St. John’s, N.L. 8.9 per cent (8.4)

— Halifax 7.2 (7.1)

— Moncton, N.B. 5.6 (5.1)

— Saint John, N.B. 5.7 (5.8)

— Saguenay, Que. 6.6 (6.7)

— Quebec 4.0 (3.8)

— Sherbrooke, Que. 5.0 (5.0)

— Trois-Rivieres, Que. 6.0 (6.4)

— Montreal 6.5 (6.4)

— Gatineau, Que. 6.0 (5.8)

— Ottawa 5.8 (5.9)

— Kingston, Ont. 5.5 (5.3)

— Peterborough, Ont. 7.1 (8.3)

— Oshawa, Ont. 4.9 (5.3)

— Toronto 6.1 (6.4)

— Hamilton, Ont. 4.2 (4.6)

— St. Catharines-Niagara, Ont. 6.3 (6.5)

— Kitchener-Cambridge-Waterloo, Ont. 4.5 (4.4)

— Brantford, Ont. 5.5 (5.3)

— Guelph, Ont. 5.8 (4.7)

— London, Ont. 5.5 (5.4)

— Windsor, Ont. 5.8 (6.2)

— Barrie, Ont. 6.0 (6.6)

— Sudbury, Ont. 6.0 (6.4)

— Thunder Bay, Ont. 5.0 (5.1)

— Winnipeg 5.5 (5.4)

— Regina 5.7 (5.6)

— Saskatoon 7.9 (8.3)

— Calgary 8.5 (8.5)

— Edmonton 8.5 (8.7)

— Kelowna, B.C. 5.4 (4.6)

— Abbotsford, B.C. 5.5 (5.6)

— Vancouver 4.5 (4.7)

— Victoria 4.5 (4.6)


Here’s a quick glance at unemployment rates for September, by province

THE CANADIAN PRESS

OTTAWA — Canada’s national unemployment rate was 6.2 per cent in September. Here are the jobless rates last month by province (previous month in brackets):

— Newfoundland and Labrador 15.1 per cent (14.7)

— Prince Edward Island 9.5 (8.8)

— Nova Scotia 9.0 (8.9)

— New Brunswick 7.8 (7.8)

— Quebec 6.0 (6.1)

— Ontario 5.6 (5.7)

— Manitoba 5.5 (4.9)

— Saskatchewan 6.2 (6.4)

— Alberta 7.9 (8.1)

— British Columbia 4.9 (5.1)