5.2% unemployment rate

No change from previous month
-1.6% from previous year

Compare with provinces

19,656,200 jobs

+0.6% from previous month
+2.7% from previous year

Trends by age, sex and industry

108,000 jobs (+0.6%) were added to the market in October, which brings employment equal to the most recent peak in May 2022. The unemployment rate remained the same at 5.2%.

Monthly unemployment rate (%) in Canada and the provinces

Employment increased in Ontario (43,000 or +0.6%), Quebec (28,000 or +0.6%), Prince Edward Island (4,300 or +5.3%), Newfoundland and Labrador (3,300 or +1.4%), Saskatchewan (6,100 or +1.1%) and Manitoba (+4,600 or +0.7%).

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Monthly employment in Canada by age group, full-time and part-time

Employment among workers 15 to 24 had minimal change in October.

Employment among workers 25 to 54 grew by +0.5% (69,000) primarily in full-time work.

Employment among workers 55 and over also experienced little change in October.

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Monthly employment in Canada by sex, full-time and part-time

Minimal changes to employment numbers in October for both men and women in the 15 to 24 and over 55 age groups. For men in the 25 to 54 age group, there was an increase of 45,000 (+0.7%). Comparatively, for women of the same age group there was an increase of 24,000 (+0.4%).

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Monthly employment in Canada by industry

Legend

Resources and goods: Agriculture [NAICS 111-112, 1100, 1151-1152], Forestry, fishing, mining, quarrying, oil and gas [21, 113-114, 1153, 2100], Utilities [22], Construction [23], Manufacturing [31-33]
Transportation and warehousing: NAICS 48-49
Customer services: Accommodation and food services [72], Other services [81], Wholesale and retail trade [41, 44-45]
Professional services: Business, building and other support services [55-56], Educational services [61], Finance, insurance, real estate, rental and leasing [52-53], Health care and social assistance [62], Information, culture and recreation [51, 71], Professional, scientific and technical services [54], Public administration [91]

The construction industry saw large gains in five provinces in October (25,000 or +1.6%). Despite this increase, do not count on an uptick in the construction industry as a whole, as this change still keeps it on par with that of March 2022.

Despite a decrease in the manufacturing industry in September, there was an increase in October (24,000 or +1.4%), nearly balancing the two months. Growth was primarily seen in British Columbia and Nova Scotia.

For the first time since May, the accommodation and food services industry saw an increase (18,000 or +1.7%).

Following its upward trend, employment in professional, scientific and technical services rose by 18,000 in October (+1.0%).

Additional gains were also noted in the “other” services segment (+18,000 or +2.4%) and public administration (+15,000 or +1.3%).

Declines in employment numbers were seen in the wholesale and retail trade (-20,000 or -0.7%). Additional drops were seen in the natural resources industry(-6,800 or -2.0%).

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This Month in the Labour Market

Every month, Adecco Canada interprets the data from Statistics Canada’s Labour Force Survey. Here’s what happened in October 2022:

Employment rises 0.6%

The market saw the largest peak since May 2022 with an additional 108,000.

The unemployment rate maintains at 5.2%

Instead of continuing its downward trend, the unemployment rate has remained the same since September.

Record High Employment Rate Among Immigrants

Since data has been recorded, immigrant populations have received the highest employment rate recorded at 62.2% of immigrants age 15 and over. Within those admitted to Canada in the last five years, the employment rate is 70.7% which is nearly 6% higher than prior to the pandemic.

Hybrid Arrangement Increases

One of the key takeaways from the pandemic in the employment world is the diversification of work arrangements. While employers have encouraged employees back to the office for nearly two years, we continue to see increases in the number of hybrid work arrangements. In October, 9% of workers reported that they work at both home and not home (usually the office). This is an increase of 0.4% since September and a 5.4% increase since January 2022, totalling 1,746,000 workers nationally. The largest increases were seen in industries that can support a hybrid model such as finance, insurance, real estate, rental and leasing; public administration; and professional, scientific and technical services.

Comparatively, the strictly work-from-home model has decreased by 8.5% since the beginning of 2022, with many employers opting for the hybrid model. WFH continues makes up 15.8% of the Canadian workforce.

Disproportional Wage Increases

For the 5th month in a row, wages have seen an increase, this month up 5.6%. Conversely, the inflation rate is still at 6.9% resulting in the struggles echoed by many Canadians.  

Interestingly, 64.3% of employees earning over the $40.00/hour threshold have seen a raise this year, while only 50.1% of employees earning $20.00/hour and under have seen one. The former group makes up the top 25% of wage earners, while the latter makes up the bottom 25%. Similarly, the two industries which have hourly wages below the national average – agriculture and accommodation and food services report that they are the industries least likely to have seen a wage increase this past year.

Professional, scientific and technical services; finance, insurance, real estate, rental and leasing, and manufacturing are all industries which have seen the largest number of employees receiving a wage increase with at least 67.5% of each industry reporting an increase.

It was also reported that individuals who changed jobs in October were more likely (59.8%) to receive a higher wage in their new job, compared to the same months in 2017 to 2019.

One-Third of Canadians Reporting Financial Difficulties

Canadian financial struggles are well-known nationally this fall, contributing to headlines on a near-daily basis. One-third (35.3%) of Canadians over the age of 15 have reported living within a household that is struggling to meet its financial needs. This is an increase of nearly 15% since October 2020, during the height of the pandemic.

Those employed in the accommodation and food services, retail trade or transportation and warehousing industries were most likely to experience financial difficulties in October, with each industry citing a rate of over 42%. Accommodation and food services and the retail trade continue to be some of the lowest-paid national wages.

Key takeaways

Don’t have time to read the full report? No problem! We’ve summarized the key takeaways from this month below:

  • Employment saw an uptick of 0.6% (+ 108,000 jobs).
  • The unemployment rate held steady 5.2%.
  • Total hours worked were down 0.6%, and up 2.4% YOY.
  • On a YoY basis, average hourly wages were up 5.6% (+$1.68 to $31.94)—still less than inflation of 6.9%
  • More high-wage earners ($40.00/hr) receiving raises over low-wage earners ($20.00/hr) 64.3% vs 50.1%
  • Lowest involuntary part-time employment since data became available. 15.8% of men
  • Record employment rate of 62.2% among immigrants 15 and over.
  • 1.7 million workers on hybrid system (9% of workforce) Work from home rate is dropping to 15.8%
  • Over one-third of Canadians struggling to meet financial needs, increase of 14.9% since October 2020.
  • Highest risk for financial struggle in the accommodation and food (43.2%), retail (42.4%) and warehousing and transportation industries (42.4%)
  • Employment up in ON, QC, PE, NL, SK and MB
References

Statistics Canada. (2022). Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months [Data table]. https://doi.org/10.25318/1410028701-eng

Statistics Canada. (2022). Table 14-10-0355-01 Employment by industry, monthly, seasonally adjusted and unadjusted, and trend-cycle, last 5 months (x 1,000) [Data table]. https://doi.org/10.25318/1410035501-eng

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