Summary
- Canada recorded its first decline in payroll employment since May 2020 in November, noted Statistics Canada in its latest report.
- The total number of workers who received wages or benefits in November sank by 1.1 million, or 6.6 per cent, as compared to February.
- Canadians earned about C$ 1,110 on an average in a week for the month of November, which was up 0.6 per cent month-over-month (MoM).
Many Canadian businesses suffered in the wake of the second coronavirus wave around November last year. While the latest Labour Force Survey (LFS) recorded a 0.3 per cent increase in employment for the week between November 8 and 14, the country’s payroll jobs slid by 0.5 per cent month-over-month (MoM) for the month.
This was the first contraction in payroll employment since May 2020, noted Statistics Canada in a recent report.
The total number of workers who received wages or benefits in November also sank by 1.1 million, or 6.6 per cent, as compared to February.
Which Canadian Regions Suffered in Terms of Payroll Jobs in November?
As the government tightened lockdown measures to prevent the spread of COVID-19 infections, businesses in certain regions suffered more than the rest. As a result, the impact on payroll employment also varied from one place to another.
Manitoba saw the sharpest drop in payroll employment in November, down by 1.7 per cent from October. Quebec came in second, with a drop of 1.2 per cent MoM, followed by Alberta (down 0.7 per cent) and Ontario (down 0.4 per cent).
©Kalkine Group 2021
At the same time, Prince Edward Island and British Columbia recorded a 0.7 per cent and 0.4 per cent increase in payroll jobs for the month of November, respectively.
Fall in Hourly Paid Jobs Brings Down Payroll Jobs
StatCan pointed that the decline in payroll employment in November last year was motored by the drop in hourly paid employees, which was down one per cent MoM.
Canadians earned about C$ 1,110 on an average in a week for the month of November, which was up 0.6 per cent MoM. This jumped brought the year-over-year (YoY) increase in earnings to 6.6 per cent for November.
As services-producing businesses took a massive hit amid the reimplementation of lockdown restrictions around November, the sector saw a 0.4 per cent MoM retreat in payroll employment. This was the sector’s the first drop in payroll numbers since May.
The goods-producing sector, meanwhile, saw its payroll employment in November sink 4.7 per cent from its pre-pandemic levels.