Published: Sun, October 07, 2018
Economy | By

Part-time job gains drive up September job numbers

Part-time job gains drive up September job numbers

The Bureau of Labor Statistics (BLS) announced that in September the national jobless rate dropped to 3.7% as the economy added 134,000 jobs. Analysts in a Reuters poll had forecast a gain of 25,000 positions.

On an industry basis, more people are working in construction - up 28,000 positions in September, offsetting declines in the previous two months - agriculture, finance, insurance, and real estate.

Canada recorded its first trade surplus for more than 18 months in August as unusually timed shutdowns at auto plants helped cut imports at a greater rate than exports, Statistics Canada said on Friday.

However, nearly all of the September job gains came from an increase in part-time employment and were mostly concentrated in Ontario and British Columbia with little change in other provinces.

Most of the gains were made in Ontario and British Columbia provinces, and were mostly attributable to part-time hiring, said Statistics Canada.

Mendes noted that wage growth is slowing, down to 2.2 per cent from 2.6 per cent, year over year, the month before. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage point and 795,000, respectively. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs.

This marked the seventh straight month the unemployment rate was below five per cent, normally a sign of a healthy economy. Year-over-year, the province has created 3,300 new jobs, largely driven by growth in the private sector, according to a news release from the government.

Granted, the black unemployment rate was down from 6.3% in August.

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