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%.