Employment rose in September
Oct. 15, 2024
Global Korean Post
–
The Statistics Canada released ‘Labour Force Survey, September 2024’.
Employment rose by 47,000 (+0.2%) in September, following four consecutive months of little change. Despite the employment gain, the employment rate—the proportion of the population aged 15 and older who is employed—fell 0.1 percentage points to 60.7% in September.
The employment rate has a downward trend since reaching a recent peak of 62.4% in January and February 2023, as growth in the population aged 15 and older in the Labour Force Survey (LFS) outpaced employment growth. On a year-over-year basis, employment was up by 313,000 (+1.5%) in September, while the population aged 15 and older in the LFS was up by 1.2 million (+3.6%).
The number of private sector employees increased for the second consecutive month, rising by 61,000 (+0.5%) in September and bringing the year-over-year increase in private sector employment to 193,000 (+1.5%). Public sector employment fell by 24,000 (-0.5%) in September, but was up 3.0% (+128,000) compared with 12 months earlier. Self-employment was little changed in the month and on a year-over-year basis.
Full-time employment rose by 112,000 (+0.7%) in September, the largest gain since May 2022. The increase in September was partially offset by a decline in part-time work (-65,000; -1.7%). On a year-over-year basis, part-time employment rose at a faster pace (+2.0%; +72,000) than full-time employment (+1.4%; +240,000).
