Saturday, December 8, 2012

Canadian Labour Force Survey and USA Non-Farm Payrolls

After a pause in October, Canadian employment surged in November, rising by 59,000.  The increase in jobs was primarily in full-time employment, which grew by 55,200. The Canadian unemployment rate declined 0.2 points to 7.2 per cent.

The BC economy lost jobs for the second consecutive month as payrolls declined by 4,700. Job losses were concentrated in the services sector and particularly in the healthcare and government sectors. The BC unemployment rate edged 0.1 points higher to 6.8 per cent. In spite of recent declines, employment in BC has still grown 1.7 per cent over 2011, a significant improvement in job growth from last year's 0.8 per cent. 

The US economy added 146,000 jobs in November while its unemployment rate fell to 7.7 per cent. However, the November jobs report was particularly noisy due to disruption from Hurricane Sandy.

Copyright BCREA - reprinted with permission

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