February employment level remained static in Canada
Ottawa, ON -- Statistics Canada reports in its latest Labour Force Survey (February 2004) that, for a second consec...
Ottawa, ON — Statistics Canada reports in its latest Labour Force Survey (February 2004) that, for a second consecutive month, employment was little changed in February (-21,000) and the unemployment rate remained at 7.4%. This recent pause in employment growth, attributable to weakness in part-time work, follows strong increases in full-time employment over the previous five months.
While the labour market situation for youths was lacklustre for much of 2003, there was relatively strong job growth before the holiday season. However, this was offset by a decrease of 28,000 jobs in February, leaving the youth employment level at about the same as in August 2003.
Because a large number of youths left the labour force in February, their unemployment rate rose only slightly (+0.2 percentage points) to 14.1%. The drop in youth employment was concentrated in British Columbia.
Growth in full-time employment continued for adult women, pushing up overall employment for this group by 20,000 in February. Their unemployment rate fell 0.2 percentage points to 5.8%. Since August 2003, employment among adult women has grown more rapidly (+2.1%) than among adult men (+1.0%), whose employment level was little changed in February for a second consecutive month. The unemployment rate among adult men edged up 0.1 percentage points to 6.3%.
Weakness in manufacturing continued in February, with employment little changed (-12,000) for a third consecutive month. This leaves manufacturing jobs down 83,000 (-3.5%) since November 2002, when the downward trend began.