Canadian employment unexpectedly falls
Canadian employment unexpectedly falls
11:10, November 07, 2009 
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Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.
In August and September, employment in Canada had enjoyed mild increases.
According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large full-time gain from the previous month.
Most of October's employment decline came from retail and wholesale trade, "other services" and natural resources.
Since October 2008, employment has fallen in most industries in Canada, with the steepest declines in manufacturing (11 percent), natural resources (11 percent), construction (5.8 percent) and transportation and warehousing (5.8 percent). At the same time, there were increases in information, culture and recreation (4.8 percent) as well as in finance, insurance, real estate and leasing(4.4 percent).
According to Statistics Canada, Canadian youth have experienced employment declines since October 2008, totaling 225,000 (down 8.7percent). Among adult men, although down 177.000 (2.3 percent) during the 12-month period, employment has stablilized in recent months. For adult women, employment was unchanged compared with a year earlier.
The Canadian dollar depreciated after the release of the employment data.
Source: Xinhua
In August and September, employment in Canada had enjoyed mild increases.
According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large full-time gain from the previous month.
Most of October's employment decline came from retail and wholesale trade, "other services" and natural resources.
Since October 2008, employment has fallen in most industries in Canada, with the steepest declines in manufacturing (11 percent), natural resources (11 percent), construction (5.8 percent) and transportation and warehousing (5.8 percent). At the same time, there were increases in information, culture and recreation (4.8 percent) as well as in finance, insurance, real estate and leasing(4.4 percent).
According to Statistics Canada, Canadian youth have experienced employment declines since October 2008, totaling 225,000 (down 8.7percent). Among adult men, although down 177.000 (2.3 percent) during the 12-month period, employment has stablilized in recent months. For adult women, employment was unchanged compared with a year earlier.
The Canadian dollar depreciated after the release of the employment data.
Source: Xinhua
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