DECEMBER 2017 Statistics Canada Labour Force Survey Report
MONTHLY JOB GAINS OVER THE PAST 12 MONTHS*
|January 2017 48,300|
|February 2017 15,400|
|March 2017 19,800|
|April 2017 3,200|
|May 2017 54,500|
|June 2017 47,000|
|July 2017 10,000|
|August 2017 20,200|
|September 2017 10,000|
|October 2017 35,300|
|November 2017 79,500|
|December 2017 78,600|
UNEMPLOYMENT RATE OVER THE PAST 12 MONTHS*
|January 2017 6.8%|
|February 2017 6.6%|
|March 2017 6.7%|
|April 2017 6.5%|
|May 2017 6.6%|
|June 2017 6.5%|
|July 2017 6.3%|
|August 2017 6.2%|
|September 2017 6.2%|
|October 2017 6.3%|
|November 2017 5.9%|
|December 2017 5.7%|
*Source: Statistics Canada
78,600 jobs added
5.7% unemployment rate
OVER THE PAST 12 MONTHS**
374,200 JOBS ADDED
1.1% UNEMPLOYMENT RATE DECREASE
HOTTEST INDUSTRIES IN DECEMBER*
Professional, scientific and technical:
1,500 jobs added
Real estate, rental & leasing:
16,000 jobs added
16,300 jobs added
Finance and insurance:
2,700 jobs added
**Source: Statistics Canada – Seasonally Adjusted, January 2017 – December 2017
NEW YEAR, NEW HIRING STRATEGY
51% of Canadian CFOs cite challenges finding skilled candidates in today’s market. A new Robert Half survey reveals how they are adapting their strategies to enhance hiring in the New Year.
CFOs were asked. “Which of the following has your company done to enhance its approach to hiring in-demand accounting and finance professionals who are in short supply?”
|Expanded the search to a wider geography 48%|
|Accelerated the hiring process to avoid losing candidates’ interest
|Considered college students or recent graduates for roles that historically weren’t open to them
|Loosened the must-have criteria to consider more candidates 45 %|
|Hired interim accounting and finance professionals to evaluate them for full-time roles 39%|
View the full press release here.
© 2018 Robert Half
Canada added 79,000 jobs in December, and the unemployment rate fell (0.2 percentage points) to 5.7 per cent. This is the lowest rate since comparable data became available in January 1976, according to the most recent Statistics Canada Labour Force Survey Report.
Highlights in December
- In the 12 months to December, employment was up 423,000 (+2.3 per cent), with nearly all the gains in full-time work (+394,000 or +2.7 per cent). Over the same period, total hours worked grew 3.1 per cent. This is the fastest December-to-December growth rate since 2002. In comparison, employment grew by 229,000 (+1.3 per cent) in 2016.
- In the 12 months to December, the unemployment rate fell by 1.2 percentage points.
- Full-time employment followed an upward trend in 2017, increasing by 394,000 (+2.7 per cent), while part-time employment held relatively steady.
Quebec and Alberta led provincial employment gains in the month of December:
- In Quebec, employment was up for the third consecutive month, increasing 27,000 in December. The unemployment rate fell by 0.5 percentage points to 4.9 per cent.
- 26,000 more people were employed in Alberta in December, primarily in full-time work, and the unemployment rate fell by 0.4 percentage points to 6.9 per cent. the labour market in Alberta added workers in 2017, with a growth rate of 2.4 per cent (+55,000), the best performance since 2014.
- In Ontario, employment grew 2.5% (+176,000) in 2017, just over double the growth rate recorded in each of the previous two years. Full-time employment accounted for nearly all the employment gains in 2017.
Hiring Trends and Career Tips
It’s cold out there, Canada, and workers are feeling the chill. In a recent Accountemps survey fifty-six per cent of Canadian workers said that cold weather negatively effects their mood, and 51 per cent cite winter as the season they are least happy. But remember, there’s a light at the end of the tunnel. Spring and summer are just around the corner…or at the very least, we get a little closer every day.
Looking to keep that pep in your step all year long? Whether it’s the middle of winter or the height of summer, these tips can help you keep your spirits up year-around:
- Be social – Take a break from your desk to connect with your co-workers. Grab a coffee with your colleague or stop by the break room to catch up on office news.
- Pursue professional development – As part of your new year goal-setting, explore and attend seminars or workshops to advance your knowledge and skills that will enrich your career.
- Use vacation days –Take time away from the office to re-energize so you can come back refreshed and ready to take on that next professional challenge.