Canadian Economy Sheds 6600 Jobs in September

Ottawa : Canada | Oct 08, 2010 at 4:44 AM PDT

By Karl Gotthardt

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February's employment decline was the smallest in a year, the report said

Signs that the Canadian economy is still sluggish are verified by last months job numbers. The Canadian economy shed 6600 jobs in September.

While there are fewer jobs, the unemployment rate edged down .1% to 8%. Statistics Canada reports that there are fewer younger people actively looking for jobs.

The biggest losses came in Ontario, where 23,000 jobs have been lost.

In September, there were employment declines in Ontario, Saskatchewan, New Brunswick and Prince Edward Island, while Quebec, Newfoundland and Labrador as well as Nova Scotia posted gains.

During September the average wage also rose by 2.3%

There were also declines among women aged 25 to 54 (-28,000) in September, which brought their employment to a level similar to that of one year earlier.

Employment among men aged 25 to 54 increased by 27,000 in September. With this increase, employment gains for this group have totalled 138,000 (+2.3%) over the past 12 months.

Despite the losses, there were some good news in this report. 43,700 jobs were lost in the part-time category, which could be attributable to students going back to work. Full time employment picked up a healthy 37,100 jobs.

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Karl Gotthardt is based in Edmonton, Alberta, Canada, and is an Anchor for Allvoices.

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Canadian Unemployment Rate

Canadian Unemployment Rate

Image Source: allvoices

Graph with Canadian Unemployment Rate
In August, the economy shed a ...

In August, the economy shed a ...

Image Source: www.afp.com

In August, the economy shed a total of 54,000 jobs, although private-sector ...
February's employment decline ...

February's employment decline ...

Image Source: www.afp.com

February's employment decline was the smallest in a year, the report said
Statistics Canada logo

Statistics Canada logo

Image Source: www.afp.com

Statistics Canada logo