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The
unemployment rate in Canada was 7.5 per cent at the end of the fourth
quarter of 2011, up 0.4 percentage points compared to the third quarter of
the year. This stands 1.1 per cent below the recent peak in the second
quarter of 2009. Total
employment was up in the fourth quarter to a new record for Canada. The
increase built on the gains in employment that have occurred since the end
of 2009. On
a seasonally adjusted* basis, job gains totalled 9,000 positions in the
fourth quarter. This was made up of an increase of 37,000 full-time jobs,
which was offset by a loss of 28,000 part-time
positions. The
majority of the gains occurred in Alberta and British Columbia, offsetting
job losses in Ontario. Fourth
quarter job gains were seen in agriculture and natural resources as well
as in professional and scientific services, education, healthcare,
accommodation and food services, and public
administration. These gains more than offset job losses in utilities, construction and manufacturing, trade, transportation and warehousing services, the financial sector, business, and information and cultural services. * Seasonal adjustment removes normal seasonal fluctuations. |
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The information contained in this report has been prepared by The Canadian Real Estate Association drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, The Canadian Real Estate Association does not assume any responsibility or liability. Copyright© 2007 The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission. |