Statistics Canada October 2019 Labour Force Survey Report
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Unemployment at 5.5 Per Cent; Down from Previous Month
OCTOBER 2019 STATISTICS CANADA LABOUR FORCE SURVEY REPORT MONTHLY SUMMARY
1,800 JOBS REMOVED IN OCTOBER
5.5% UNEMPLOYMENT RATE*
364,100 12-MONTH EMPLOYMENT GAINS**
UNEMPLOYMENT RATE OVER THE PAST 12 MONTHS*
*Source: Statistics Canada
**Source: Statistics Canada, Seasonally Adjusted, November 2018-October 2019
SICK AT WORK
89% of professionals in Canada admit they’ve come to work sick.
54% said they report to the office because they have too much work to do.
33% said they don’t want to use a sick day.
Source: Accountemps survey of more than 500 workers in Canada.
© 2019 Robert Half.
Statistics Canada just released the October 2019 Labour Force Survey. According to the report, employment held steady in October following two months of consecutive growth, and the unemployment rate remained unchanged at 5.5 per cent.
Highlights in October
- On a year-over-year basis, employment grew by 443,000 or 2.4 per cent, driven by gains in full-time work
- Over the same period, total hours worked were up 1.3 per cent.
- The number of people working in finance, insurance, real estate, rental and leasing increased by 18,000 in October, the second increase in three months.
- In Manitoba, employment held steady in October, and the unemployment rate increased 0.3 percentage points to 5.3 per cent as more people were looking for work. On a year-over-year basis, employment in Manitoba was little changed and the unemployment rate was down 0.8 percentage points.
- Employment in British Columbia rose by 15,000 in October, driven by increases in full-time work for those aged 55 and over. The unemployment rate in the province was little changed at 4.7 per cent. On a year-over-year basis, employment in British Columbia grew by 50,000 (+2.0 per cent), with almost all the gains in full-time work.
What employers need to know
The end of the year is when many workers feel the itch to launch a new job search. And if they have in-demand skills and experience, they are likely to find many options in the current hiring market. In other words, the heat is on for your company to step up its retention efforts.
To help prevent your team members — especially, your top performers — from exploring new job opportunities, confirm that you’re offering appropriate compensation. In a recent Robert Half survey, nearly half of Canadian professionals (49 per cent) said they feel underpaid. (Use tools like our latest Salary Guides to gauge whether your company is hitting the mark with employee pay, perks and benefits.)
The second thing to reflect on is your management style. Separate research from our company shows that about two in five Canadian workers (39 per cent) have quit a job due to a challenging manager. Move quickly to gather feedback from staff about your management approach. Based on what you learn, decide whether improvements in communication or training can help resolve any issues and increase rapport — before valued employees decide to move on.
What job seekers need to know
If you’re looking to switch jobs before the end of the year, the wind might be at your back as you pursue your goal. The hiring market for professionals remains tight, and in-demand talent can find they have multiple offers to choose from. And many firms are accelerating their efforts to staff open roles before year-end so they have the right teams in place to hit the ground running come January.
If your top motivation for seeking a new position is to escape a difficult manager, you are not alone. However, while no one should have to endure a toxic work environment, you may want to reflect on whether your manager is the true reason you’re considering jumping ship.
For example, is your decision to quit a knee-jerk reaction to something that your boss said or did recently that disappointed or upset you? Or are you reacting to a pattern of challenging behaviour by your manager and have finally decided that enough is enough?
Yes, self-reflection can be difficult, but it’s necessary to ensure you leave your job for the right reasons.