Employment rose by 91,000 (+0.4%) in December and the employment rate increased 0.2 percentage points to 60.8%. The unemployment rate declined 0.1 percentage points to 6.7%, reported Statistics Canada on Friday.
In December, employment rose for core-aged men (25 to 54 years old) (+30,000; +0.4%) and men aged 55 and older (+41,000; +1.7%) as well as for women aged 55 and older (+21,000; +1.1%), said the federal agency.
“Employment gains in December were led by educational services (+17,000; +1.1%), transportation and warehousing (+17,000; +1.6%), finance, insurance, real estate, rental and leasing (+16,000; +1.1%), and health care and social assistance (+16,000; +0.5%),” it said.
“In December, employment increased in Alberta (+35,000; +1.4%), Ontario (+23,000; +0.3%), British Columbia (+14,000; +0.5%), Nova Scotia (+7,400; +1.4%), and Saskatchewan (+4,000; +0.7%), while there was a decline in Manitoba (-7,200; -1.0%). Employment was little changed in the other provinces.”
“Employment rose by 91,000 (+0.4%) in December, mostly in full-time work (+56,000; +0.3%). This follows an increase in November (+51,000) and marks the third employment gain in the past four months,” explained StatsCan.
“The year 2024 ended with 413,000 (+2.0%) more people working in December compared with 12 months earlier. This year-over-year growth rate was comparable to the one observed in December 2023 (+2.1%) and to the average growth rate for December over the pre-COVID-19 pandemic period of 2017 to 2019 (+1.9%).
“Public sector employment rose by 40,000 (+0.9%) in December, the second consecutive monthly increase. In the 12 months to December, public sector employment rose by 156,000 (+3.7%), driven by gains in the public-sector components of educational services as well as health care and social assistance.
“Private sector employment was little changed in December (+27,000; +0.2%) and was up 191,000 (+1.4%) on a year-over-year basis. The number of self-employed people rose by 24,000 (+0.9%) in December, the first increase since February. This brought total gains in self-employment for the year to 64,000 (+2.4%).”
The report said the employment rate—the proportion of the population aged 15 and older who are employed—increased 0.2 percentage points to 60.8% in December, after holding steady in November. The increase in December was the first since January 2023. On a year-over-year basis, the employment rate was down 0.9 percentage points in December.
The unemployment rate was 6.7% in December, down 0.1 percentage points from the previous month. The rate in November was the highest since January 2017 (outside of 2020 and 2021, during the pandemic). On a year-over-year basis, the unemployment rate was up 0.9 percentage points in December, added Statistics Canada.
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