August 9, 2022

OsoyoosToday

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Canada added 885,000 jobs by 2021

After adding 54,700 jobs last December, the country will have added 885,000 jobs by 2021, according to the Public Organization Statistics Canada (EC).

Employment rose to 55,000 (+ 0.3%) in December, while the unemployment rate fell to 5.9%.

Among middle-aged men aged 25 to 54, employment increased by 63,000 (+ 1.0%), 162,000 (+ 2.5%) over February 2020.

Despite a slight change in December, employment for middle-aged women also showed an upward trend from June and was 130,000 (+ 2.2%) higher than its pre-epidemic level in December.

Unemployment is slightly higher than before the epidemic

The unemployment rate in December was 5.9%, slightly different from November and slightly above the pre-epidemic level of February 2020 (5.7%).

The adjusted unemployment rate included job seekers, but it was not found at 7.6%, indicating the first return to the pre-epidemic level of this indicator.

The number of Canadians out of work for 27 weeks or more fell for the second month in a row (-2 5,000; -8 .0%).

The average hourly wage has increased over the past 12 months

According to the EC, the average annual wage growth in December was 2.7% (+ $ 0.80) higher than the average wage growth rate between 2017 and 2019 (+ 2.6%).

One year ago, in December 2020, the average hourly wage increased by 5.5% year-on-year. This is partly due to changes in the composition of employment that occurred prior to the epidemic. Annual pay growth for December 2020 was 3.0%, using the method of keeping the mix of employees consistent based on work and work seniority on average in 2019.

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With official information EC