Canada’s highest employment gains in October recorded in British Columbia, Newfoundland

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According to a new Labour Force Survey conducted by Statistics Canada, British Columbia and Newfoundland are the provinces that recorded the highest employment gains last month. The survey report shows that Canada added a total of 443000 new jobs during the period between October 2018 and October 2019.

The survey report shows that the overall employment in Canada came down slightly in October with a reduction of 1800 in net jobs. However, the national unemployment rate remained steady at 5.5 percent. This drop is preceded by large employment gains in the months of August and September.

Among the provinces in Canada, British Columbia emerged top by gaining 15000 net jobs in October. The major reason for this increase was the rise in full-time employment among people above the age of 55. Meanwhile, the unemployment rate of the province remained the same, the lowest in the country at 4.7 percent.

Newfoundland and Labrador came second by gaining 2700 net jobs in October. The major reason for this increase was a hike in part-time work among those in the core working-age group of 24-54. In all other Canadian provinces, both the employment level and the unemployment rate remained relatively the same.

The number of new jobs in the public administration sector in Canada increased by 20000 in October.  Major gains in this sector were reported from British Columbia, Quebec, New Brunswick, and Prince Edward Island. Employment in the sector has grown by over 73000 or 7.6 percent since October 2018.

Other major sectors that witnessed an increase in employment in the month of October were finance, insurance, real estate, rental, and leasing industries.  The survey report by Statistics Canada says that an increase of 18000 net jobs in this field is the second such increase in three months. The number of jobs in this field has increased by 64000 since October 2018.

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