Canada’s unemployment rate inched higher at 7.1% in November as thousands of part-time jobs utilized during the October federal elections were let go despite adding more full-time jobs.
“The November decline in public administration was seen across all provinces,” Statistics Canada said. “The decrease was concentrated among survey interviewers and statistical clerks, an occupational group that corresponds with the type of work done during the election.”
The jobless rate is higher than the seven per cent recorded in October as the number of job losses were four times higher than the expert forecasts.
While the economy lost a total of 72,000 part-time jobs last month, it also added 36,000 full-time workers. That had Scotiabank economist Derek Holt saying the November report was not as bad as it might seem.
“It does suggest the underlying details are not as bad as the headline reading imply and that the composition of job growth is still mostly favourable,” he wrote in a morning commentary.
Oil-related slump has Alberta seeing 15,000 jobs let go last month, making its seven per cent unemployment rate the highest in five years.
Manitoba, New Brunswick and Prince Edward Island also lost jobs, while employment in other provinces was relatively unchanged.