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Canada sees more jobs, more jobless in December

Peter Harris|

After two months of job losses, the Canadian economy created 17,500 jobs last month. However, these gains were not enough to offset the number of new people looking for work. Consequently the unemployment rate climbed slightly to 7.5 per cent in December, the Stats Can Labour Force Survey reports.

This job creation falls just short of the growth that many economists had been predicting. Employers’ reluctance to hire is largely being attributed to ongoing worries over state of the global economy, especially the European debt crisis.

In December, seasonality may account for part-time employment increasing by 43,000 positions. These gains were at least partially cancelled out by losses of 26,000 full-time jobs.

There was good news for the manufacturing sector last month, with a gain of 30,000 jobs. However there were 12,000 jobs lost in the construction industry.

British Columbia, Ontario, Nova Scotia, Newfoundland and Labrador, Saskatchewan, and New Brunswick all saw slight job gains in December, while the employment situation remained stagnant in Alberta.

Quebec fared less well with 25,700 jobs lost, largely in the construction, health care and social assistance industries.

While the job numbers are softer than many were hoping to see at year end, overall employment in Canada is up by 1.5% or nearly 210,000 jobs over this same time last year.

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Category: Industry News & Insights,