Canada's Employment Rose At Slower Rate in October, Earnings Up 6% YoY

  • December 23, 2020 03:33 AM AEDT
  • Team Kalkine
Canada's Employment Rose At Slower Rate in October, Earnings Up 6% YoY

Summary

  • Canada noted a 1.2 per cent month-over-month growth in its payroll employment in October.
  • The total number of hours worked by employees, at 0.3 per cent, climbed at a slower rate in October.
  • Payroll employment rose for the fifth time in a row in retail trade, up 1.5 per cent for the month.

 

After a surge of 2.2 per cent in September, Canada noted a 1.2 per cent month-over-month growth in its payroll employment in October, Statistics Canada said on Tuesday, December 22. The national data agency quoted the results from October’s Survey of Employment, Payrolls and Hours (SEPH), which presents a report on Canada’s employment and earnings stats every month.

The SEPH refers to the number of workers getting paid or being given benefits as payroll employment, which, including October’s increase, now post a decline of 6.1 per cent since the pre-pandemic levels in February.

 

How Was Canada’s Payroll Employment In Different Provinces?


In the month of October, payroll employment climbed in about nine provinces across Canada. Of the nine, Prince Edward Island noted a 3.1 per cent rise, followed by the two per cent climb in Nova Scotia, a growth of 1.6 per cent in British Columbia and a 1.5 per cent increase in Ontario.

The pace at with employment was growing in Ontario and Quebec slowed down in October, around the same time as COVID-19 cases began to soar in these provinces and public health measures were reintroduced. With Ontario going into full lockdown starting next week, i.e., Boxing Day (December 28), businesses and employment is likely to be impacted further.

©Kalkine Group Image

 

Key Highlights Of The Latest Payroll Employment Study In Canada

 

  • The total number of hours worked by employees, at 0.3 per cent, climbed at a slower rate in October from the two per cent growth in September.
  • Average hours worked in a week in October stood at 33.5 hours. This number was actually up from the average of 33 hours per week in February.
  • October recorded average weekly earnings of C$ 1,106, marginally different from that of September.
  • The earnings rose nearly six per cent year-over-year in October.
  • Services-producing sectors posted a 1.3 per cent climb in payroll employment in October, while the goods-producing was up 0.7 per cent.
  • Industries related to arts, entertainment and recreation noted a continued rise in October, up 4.2 per cent month-over-month. This number was up for the fifth time in a row.
  • Payroll employment rose for the fifth time in a row in retail trade, up 1.5 per cent for the month.
  • The number of employees getting paid or being given benefits in the construction sector jumped by 1.8 per cent in October, up for a sixth consecutive month.

Results of the SEPH for November 2020, set to be out on January 28 next year, are expected to reveal how the reimplementation of COVID-19 related measures impacted different industries.

 

 


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