Unemployment rate has gone down: Report
According to information released by Statistics Canada Friday, September saw an increase in employment in Canada.
Employment across the country rose by 54,000 in September, and the unemployment rate dropped 0.2 per cent to 5.5 percent. In the third quarter, employment rose 0.6 per cent, and 0.7 per cent in the second quarter.
Ontario saw one of the larger increases in the country, as employment rose by 41,000, and the unemployment rate decreased by 0.3 per cent to 5.3 per cent.
On a year-over-year basis, employment in Ontario grew by 253,000—3.5 per cent.
Employment in health care and social assistance has continued to increase — a trend that began in April. In September employment in this industry rose by 30,000, and the year-over-year increase is 4.5 per cent.
In the first half of the year, employment in accommodation and food services was down. However, it has seen an increase of 23,000 in September — bringing it to nearly the same level it was at this time last year.
Employment in information, culture, and recreation declined by 37,000 in September. However, on a year-over-year basis, employment in this industry remains nearly identical.
Employment in natural resources is down 7,000 — it began to decline in June, and it has dropped 24,000 — 6.8 per cent — compared to this time last year.
The number of self-employed workers rose by 42,000 in September, and by 106,000—3.7 per cent—on a year-over-year basis.
The public sector has seen an employment increase of 33,000 in September, and over the last 12 months, it has increased by 67,000—1.8 per cent.
On a year-over-year basis, employment across the country has risen by 456,000 or 2.4 per cent.
Graphics courtesy of Statistics Canada
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