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Dashboard of Economic Indicators

Labour Market

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Data source – STATSCAN
  • In the first quarter (January – March) of 2017, labour market conditions in Peel's labour market were less positive than those observed in the first quarter of 2016.
  • When the two quarters are compared, changes in Quarter 1 of 2017 were as follows:
    • The average quarterly labour force, which captures the total number of Peel's working age residents who are in in the labour market working or looking for work, fell by 1.6 per cent or by 13,200 persons;
    • Those who were employed , as reflected in the average quarterly employment, fell by 3.5 per cent or by 27,600 persons; and
    • Peel's quarterly average unemployment rate climbed 1.9 percentage points from 6.4 per cent in the first quarter of 2016 to 8.3 per cent in the first quarter of 2017.
  • The decline in quarterly average employment in the first quarter of 2017 was the second consecutive quarterly decline observed in Peel's labour market, and followed eight quarters of sustained growth.
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Data source – STATSCAN
  • The loss of employment by Peel's residents added to the number of residents unemployed and underpinned the 1.9 percentage point increase in Peel's quarterly average unemployment rate in January – March 2017.
  • Higher quarterly average unemployment rates were observed in both the youth (15 – 24)2 and adults (25 and over)3 segments of the labour market.
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Data source – STATSCAN
  • Average quarterly employment for youths increased by 5.6 per cent (5,300 persons), but this was less than the 13.2 per cent (14,200 positions) increase in youths who entered the labour market in search of work.
  • As a result, the quarterly average unemployment rate for youths climbed 5.7 percentage points from 13.0 per cent in the first quarter of 2016 to 18.7 per cent in the first quarter of 2017.
  • The increase in the unemployment rate for adults was a smaller 1.0 per cent during the same period.
  • A total of 27,400 adults left the labour market in January – March 2017, a decline of 3.7 per cent.
  • However, the number of adults who lost employment was a proportionally larger 32,900 persons (-4.7 per cent), resulting in an increase in the quarterly average unemployment rate for adults.

Employment by Type

  • All the jobs lost were in full-time positions, down 4.3 per cent or by 28,200 positions, while part-time positions remained relatively stable at approximately 134,000 positions.
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Data source – STATSCAN

Employment by Sector

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Data source – STATSCAN
  • The decline in quarterly average employment in the first quarter of 2017 was the result of weakness in the service sector, where quarterly average employment fell 6.5 per cent (41,000 positions).
  • This was the second consecutive quarter in which the loss of employment in the service sector underpinned the overall loss of employment in Peel's labour market.
  • During the same period, quarterly average employment in the goods producing sector increased by 8.4 per cent or by 13,400 persons.