Canadian Employment Trends, June 2014

Canadian Employment Trends, June 2014
Employment increased by 60,000 in June for people aged 55+ dropping their unemployment rate down to 5.8%.

The unemployment rate rose slightly to 6.1% as employment declined by 26,000 for people aged 25 to 54, mostly among women.

44,000 fewer Canadians aged 15 to 24 were employed in June increasing the unemployment rate to13.4%.

Student summer employment*
The unemployment rate for students aged 20 – 24 was 12.0%, little changed from 12 months earlier with the number of employed, as a percentage of their population, was 67.4%, similar to that of June 2013.
*Note: May to August The Labour Force Survey collects and compares year over year data (not seasonally adjusted) for Canadians aged 15 to 24 who were attending school full time in March with the intend to return full time in the fall. As many students aged 15 to 19 are still in school, the June survey results provide the first indicators of the post-secondary summer job market, especially for students aged 20 to 24.
Retrieved and edited July 11, 2014 from http://www.statcan.gc.ca/daily-quotidien/140711/dq140711a-eng.htm

Leave a Reply

Your email address will not be published.