Employment increased substantially in November with the addition of 94,000 jobs, driving the unemployment rate down to 5.6 per cent (-0.2 percentage points), the lowest since comparable data became available in 1976, according to the most recent Statistics Canada .
Highlights in November
- Employment in November was driven by gains in full-time work.
- In the 12 months to November, employment grew by 219,000 or 1.2%. Over the same period, total hours worked were up 2.1%.
- Employment increased in six provinces, led by Manitoba and Alberta.
November employment increased in six provinces, led by Quebec and Alberta, and was little changed in the four Atlantic provinces.
- In Ontario, employment increased by 20,000 compared with October, the result of gains in full-time work. The number of unemployed was little changed and the unemployment rate held steady at 5.6 per cent.
- The number of employed people in British Columbia grew by 16,000 in November. The unemployment rate rose 0.3 percentage points to 4.4 per cent.
- Employment grew by 24,000 in Alberta in November, boosted by gains in full-time work. At the same time, the unemployment rate fell 1.0 percentage point to 6.3 per cent.
- In Quebec, employment rose by 26,000 in November, the result of more full-time work. The unemployment rate was little changed at 5.4 per cent.
What employers need to know
Winter weather may be rolling in, but the hiring market remains very hot. There is intense competition for skilled talent — and with every new job created, that competition only increases. The good news is the last month of the calendar year can be a great time for connecting with potential hires.
There are many active candidates — and passive job seekers — scoping out opportunities in preparation for a job change in the new year. You could gain an edge on the competition by kicking off your hiring efforts now, instead of putting them on ice until January. Consider enlisting the help of an expert recruiter to help you cover more ground, faster, in these last few weeks of 2018.
Also, be careful not to let your retention efforts slide during this busy season. Let your existing staff know how much you have appreciated their hard work over the past year — and how much you look forward to having their support in 2019.
What job seekers need to know
If your New Year’s resolution is to find a new job, why wait until 2019 to start your search? Many businesses are trying to staff open jobs before year-end, or at least connect with promising candidates to follow up with in January.
So, as you’re sending good wishes to your professional contacts this holiday season, be sure to let them know that you’re open to new career opportunities. They may be aware of promising leads that you can investigate now and perhaps can help you get a dialogue started with potential employers.
This extra effort now could help shorten the path to an interview — and, potentially, quickly lead to a new job in 2019!