Full-time employment continued its downward trend in June, offsetting gains in part time. Since employment peaked in October 2008, full-time losses (-454,000) have been only partially offset by part-time gains (+84,000), leaving total employment down by 370,000.
Self-employment rose in June, while the number of employees in the private sector decreased. Since October, self-employment has grown by 1.5%, whereas the number of employees has fallen, especially in the private sector.
Youth aged 15 to 24 were hard hit in June, with losses of 33,000. Their unemployment rate went up a full percentage point to 15.9%, the highest rate in 11 years. Employment losses for youth in June were offset by gains among people aged 55 and over.
Employment was virtually unchanged in June in all provinces except Newfoundland and Labrador, where it went up.
There were gains in information, culture and recreation in June, as well as in finance, insurance, real estate and leasing. Industries with notable declines were manufacturing and business, building and other support services.
Average hourly wages were up 3.5% from June 2008, similar to the year-over-year increase in May.
Slower pace of decline in last three months
While employment remains well below its October 2008 peak, there was a notable shift in the pace of the downward trend in employment in the last three months. Total net losses were 13,000 for the last three months, much less than the 273,000 decline in the first three months of this year.
More Canadians working for themselves
Self-employment rose by 37,000 in June, while the number of employees in the private sector decreased by 39,000. Since October, self-employment has grown by 1.5%, whereas the number of employees has declined by 3.3% in the private sector and 1.4% in the public sector.
Employment little changed in most provinces
Newfoundland and Labrador was the only province with employment gains in June, up 2,500. At the same time, the unemployment rate edged up to 15.6% as there were more people in the labour force.
Summer job market challenging for students
From May to August, the Labour Force Survey collects labour market information about young people aged 15 to 24 who were attending school full time in March and intend to return to school in the fall.
You can find more details, tables and charts at: http://www.statcan.gc.ca/daily-quotidien/090710/dq090710a-eng.htm
For further information or to schedule interviews with a Statistics Canada Analyst regarding this release please contact: Jey Dharmaraj, at: (416) 954-5976 or firstname.lastname@example.org