Provincial Employment Monitor TD Economics
August 5, 2011
• Seven provinces saw M/M net job gains in July.
YTD JOBLESS RATE DETERIORATIONS*
Winners included Newfoundland and Labrador (+3.8K, CONCENTRATED TO JUST A FEW PROVINCES
+1.7%), Saskatchewan (+1.6K, +0.3%) and Alberta %
(+12.4K, +0.6%). The remaining provinces posted
job losses: Ontario (-22.4K, -0.3%), New Brunswick 1.00
(-0.5K, -0.4%) and Nova Scotia (-1.4K, -0.3%). 0.70
• Five provinces saw their jobless rates decrease in 0.5 0.30
July. Québec saw the biggest drop (-0.7 ppts to 7.2%);
Prince Edward Island and Newfoundland and Labrador 0.0
were not too far behind with 0.4 ppts declines. With job
cuts recorded in July, Nova Scotia and New Brunswick -0.5 -0.40
saw their unemployment rates inch up. Both provincial -0.60
measures now rest at 6-8 month highs. -1.0 -0.90
Canada BC AB SK MB ON QC NB NS PEI NL
• Alberta’s 12.2K job gain in July was its third consecutive *Percentage point change in unemployment rate from January to July 2011
one. It has averaged 14K net new jobs per month from Source: Statistics Canada, Haver Analytics.
May-July, a far cry from the slow start witnessed at the
onset of the recovery. Both Calgary and Edmonton • Ontario gave up 22.4K positions in July, the largest M/M
metro areas are seeing this positive momentum of decrease recorded since December 2009; services
late. Non-residential construction and general services were the culprit with 54.7K job cuts. However, most
including transportation have been the sectors with the of these losses stemmed from the educational sector,
best showings over the three-month period. with schools closing for summer break in June. By
• Newfoundland and Labrador recorded 3.8K net new contrast, goods producing and manufacturing sectors
jobs in July, ending the province’s two-month string of
held up quite well with 32.3K new positions in July.
declines. New positions were concentrated primarily These latter segments of the provincial economy will
to the services sector, particularly professional and be the ones to watch over the near-term given the high
technical services. The jobless rate measure came Canadian dollar and lingering economic uncertainties
in at 11.9% in July, certainly much lower than recent south of the border.
annual averages. Still, the rate is above the 11.1%
Sonya Gulati, Economist, 416-982-8063
35-year low recorded in April 2011.
TD ECONOMICS - NATIONAL & PROVINCIAL LABOUR MARKET TRACKER
EMPLOYMENT UNEMPLOYMENT RATE
AVERAGE HOURLY EARNINGS
Thousands Change (%) %
Jun-2011 Jul-2011 Jun-2011 Jul-2011
M/M Y/Y C$ M/M % Chg.
CANADA 17,337.1 17,344.2 0.0 1.5 7.4 7.2 22.5 -1.0
British Columbia 2,268.7 2,274.1 0.2 0.3 7.3 7.3 22.9 -1.0
Alberta 2,090.6 2,103.0 0.6 3.8 5.6 5.5 24.9 -1.4
Saskatchewan 525.2 526.8 0.3 0.4 4.9 4.9 22.7 -1.0
Manitoba 621.8 621.9 0.0 0.2 5.5 5.7 20.6 -1.6
Ontario 6,769.8 6,747.4 -0.3 1.6 7.7 7.5 23.3 -0.7
Québec 3,965.3 3,974.5 0.2 1.5 7.9 7.2 20.9 -1.2
New Brunswick 349.5 348.0 -0.4 -2.0 9.6 10.1 19.1 0.3
Nova Scotia 452.8 451.4 -0.3 -0.9 8.7 9.5 19.6 -1.2
Prince Edward Island 71.8 71.8 0.0 1.0 12.0 11.6 18.7 1.2
Newfoundland & Labrador 221.6 225.4 1.7 3.5 12.3 11.9 20.6 -0.6
Source: Statistics Canada, Labour Force Survey, Haver Analytics.
Provincial Employment Monitor TD Economics
August 5, 2011 2
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