A review of hirings and dismissals for August 2022 – little change in employment last month

According to the most recent data compiled by Statistics Canada’s Labor Force Survey, employment did not change significantly during the month of July. The unemployment rate stabilized at 4.9%, a record low recorded last June. The number of unemployed people was also little changed, standing at 1 million in July.

Over the past month, the public sector experienced a slight decline in its number of employees (-1.2%), while the number of private sector employees remained stable.

In July, the EPA notes a slight decline in employment in the service sector (-0.3%), a decrease observed in the sectors of retail and wholesale trade, education, health care and social assistance. Growth of 0.6% was recorded in the goods sector during the month.

This stabilization of employment is observed in the majority of Canadian provinces, but a decrease in workers was observed in Ontario (-27,000, -0.4%) and Prince Edward Island (-2 300, -2.6%).

Slight jump in the number of self-employed workers

Self-employment has seen an increase over the past month. Down -2.2% in June, the number of self-employed workers grew by +1.3% in July. Self-employment totaled 13.6% of employment during the month, a decrease of 1.6% compared to the average recorded from 2017 to 2019.

Declining employment among women

The EPA recorded a decline in employment of -33,000 (-1.7%) among women aged 55 and over during the month of July. This decrease is mainly marked (-7.7%) in the group of women aged 65 and over.

Employment also fell among women in the working age group of 25 to 54 years. A drop of 31,000 (-0.5%) was recorded last month, a first since January 2022.

Unparalleled employment rate among First Nations living off reserve

The employment rate for First Nations workers living off reserve reached 61.0% in July, the highest rate recorded since data collection began in 2007. Among young First Nations men in the aged 15 to 24, the employment rate increased by +15.3% to reach 64.4%. A figure also increasing among young women of the same age group, with an increase of 12.9% (60.3%).

Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220805/dq220805a-eng.htm

 

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