Canada’s Unemployment down but fewer looking

According to the latest numbers from StatsCan, unemployment has fallen to 7.6%, the lowest since January 2009. However, this good news must be tempered with the news that this is due for the most part to a "notable decline" in the number of youths seeking employment.
Ontario showed an increase in employment in this month while Quebec and Manitoba showed declines and the rest of the provinces stayed pretty much the same.
There were gains in several sectors like health care and social assistance, wholesale and retail trade and finally accommodation and food services. In contrast, manufacturing, finance, insurance, real estate and leasing all had losses. While construction changed little in the month, it has generally been on the rise.
While employment among youth was unchanged, the number of young people actively looking for work declined. Their rate fell to 13.6% which in turn affected the overall rate.
Click HERE to read more from William Belle  
StatsCan: November 2010

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