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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com



HST - WHAT IS TAXABLE?

6 January 2017

Full-time sector is getting weak, while part-time jobs keep growing

Last year, Canada’s labour market showed great increases, however, the growth was supported by sharp gains in the sector of only part-time jobs. Meanwhile, in case of the previous years, the largest gains were reported in the full-time sector.

According to Statistics Canada, there were 153,700 net new part-time jobs created in 2016 and only 60,400 full-time positions. The result was so weak, it turned out to be statistically insignificant.

Those numbers reflect a sharp shift from the past two years, when we saw 156,000 new full-time jobs in 2014 and 147,000 in 2015.

Due to 81,300 new positions created in the full-rime sector last month, the final annual number didn’t show a decline. December reported the largest monthly gain in about five years.

The agency says there were 214,100 net new jobs last year, and the national employment level rose by 1.2% annually, marking the largest increase since 2012.

A monthly comparison shows that Canada outpaced economists’ forecasts by providing 53,700 new net jobs in December. Nevertheless, the unemployment rate last month went up from 6.8% to 6.9%.

 

 

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