Source – STATSCAN
Source – STATSCAN
Source – STATSCAN
Source – STATSCAN
Source – STATSCAN
Source – STATSCAN
|
- In the final quarter of 2011, broad changes in Peel’s labour market remained positive.
- Relative to the corresponding quarter of 2010 the changes were as follows:
- Average quarterly labour force increased by 11,900 persons, or by 1.8 per cent; and
- Average quarterly employment increased by 1,300 persons, or by 0.2 per cent per cent.
- This represented the seventh consecutive quarterly growth in employment in Peel following eight consecutive recession induced declines
- While growth in quarterly average employment continued, the 0.2 per cent increase registered in the final quarter of 2011 represented the lowest level of quarterly growth registered since the labour market recovery started in the second quarter of 2010.
- Despite the net increase in average quarterly employment in October – December 2011, Peel’s average quarterly unemployment rate increased to 9.2 per cent, up from 7.7 per cent registered in October - December of 2010.
- The rise in Peel’s unemployment rate reflected the greater pace at which persons entered the workforce (1.8 per cent) relative to the pace of job creation (0.2 per cent) over the period.
- The average quarterly youth (15 – 24 years) unemployment rate in Peel also increased from 14.4 per cent in October – December 2010 to 15.4 per cent in October – December 2011.
- The higher employment in October – December 2011 was the result of growth in part time employment, all in the goods producing sector.
- During the quarter, quarterly average part time employment increased by 2,700 positions, while the number of full time employment fell by 1,400 positions.
- Sectorally, the increase in average quarterly employment in October – December 2011 concentrated in the goods producing sector, where 8,900 positions were added.
- The strongest job gain within the goods producing sector was recorded in construction where quarterly average employment jumped by 9,500 positions.
- Throughout 2011, the number of persons employed in Peel’s construction sector registered sustained quarterly increases.
- In contrast, relatively weak quarterly changes continued in the manufacturing sector, the largest sectoral employer in the goods producing sector (and in Peel’s labour market) throughout 2011.
- In the final quarter of the year, the quarterly average employment in the manufacturing sector fell by 1,400 positions, or by 1.5 per cent.
- Unlike the net increase in jobs recorded in the goods producing sector during October – December 2011, there was a net decline of jobs in the service sector.
- Quarterly average employment in services fell by 7,700 positions during October – December 2011 to reach 465,100 positions.
- The lower employment in the sector reflected declines in six of the eleven service sub-sectors, led by a decline of 14,300 positions in the trade sector.
- Counterbalancing increases were recorded in some service sub-sectors, led by a gain of 9,600 positions in transportation and warehousing and 7,400 positions in public administration * .
- However, the increases registered were not sufficient to outweigh the relatively strong losses in other sub-sectors resulting in the net decline in the quarterly average employment observed in the service sector.
- The performance of Peel’s labour market in the final quarter of 2011 contributed to another positive year for labour market changes in 2011.
- For the full year 2011:
- Total employment in Peel increased by 9,600 positions or by 1.6 per cent; and
- Peel’s unemployment rate fell from 9.9 per cent in 2010 to 8.5 per cent.
- Peel’s total labour force remained flat in 2011
* Based on the North American Industrial Classification Standards (NAICS), public administration includes federal government public administration, provincial and territorial public administration, local, municipal and regional public administration, aboriginal public administration and international and other extra territorial public administration.
|
