Canada's Employment Rate Increases to 62%

Canada’s Employment Rate Increases to 62%

In September, Canada witnessed a rise in its employment rate, with the addition of 64,000 jobs. The employment rate increased by 0.1 percentage points, reaching 62%. The most notable changes occurred within the 25 to 54 age group. Employment for core-aged women increased by 37,000 (0.6%), and core-aged men saw an increase of 32,000 jobs (0.5%). However, there was minimal change in employment for youth aged 15 to 24 and those aged 55 and older. Two provinces experienced a decrease in employment: New Brunswick, which saw a decline of 2,700 workers, and Alberta, with a drop of 38,000 workers. On the flip side, six provinces reported an increase in employment: Quebec gained 39,000 workers, British Columbia gained 26,000, Manitoba gained 8,800, Saskatchewan gained 6,000, Nova Scotia gained 3,200, and Prince Edward Island gained 2,700.

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In September, there was an increase in employment for individuals in the core-aged group (25 to 54 years old), with women seeing a rise of 37,000 jobs, or 0.6%, and men gaining 32,000 jobs, or 0.5%. Among core-aged women, the employment rate went up by 0.3 percentage points, reaching 81.8%, while among core-aged men, it increased by 0.2 percentage points, reaching 87.9%.

Young men (aged 15 to 24) experienced a growth in employment, with an addition of 12,000 jobs, equivalent to a 0.9% increase. Conversely, young women saw a decline of 15,000 jobs, marking a 1.1% decrease. The employment rates for young men (56.8%) and young women (58.2%) remained relatively stable compared to the previous year.

The employment situation for individuals aged 55 and older showed little change in September, both in terms of the number of jobs and employment rates for both women and men in this age group.

Canada's Employment Rate

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