Canadian Employment Steady

Posted by Drew Zimmerman

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Employment was little changed for the second consecutive month and the unemployment rate remained at 6.9% in October.

Compared with October 2012, employment increased by 1.2% or 214,000, with gains in full-time and part-time work. Over the same period, the number of hours worked rose by 1.4%.

Of Note:

In October, employment among men and women aged 55 and over was little changed. However, compared with 12 months earlier, employment for this group was up 144,000 (+4.4%), the result of both employment growth and population ageing.

 

Drew Zimmerman

Investment & Commodities/Futures Advisor

604-664-2842 – Direct

604 664 2900 – Main

604 664 2666 – Fax

800 810 7022 – Toll Free

dzimmerman@pifinancial.com