This presentation will show job creation for Canada

1. Employment – Statistics –
Canada – June 2016
By: Paul Young, CPA, CGA
July 8, 2016

2. Disclaimer
• This presentation is on view of the employment market for Canada

3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg

4. Agenda
• Summary
• Employment by Sector
• Job Creation Target for 2016
• BM Analysis/Comments Employment
• BMO/Urbanized areas employment
• Key Quotes/Bloomberg

5. Summary
• Employment was unchanged in June (0.0%). The unemployment rate declined 0.1
percentage points to 6.8%, as the number of people searching for work edged down.
• In the second quarter of 2016, employment was little changed (+11,000 or +0.1%). This
was the smallest quarterly change in employment in two years.
• In the 12 months to June, the number of people employed rose by 108,000 (+0.6%), with
most of the gains in part time (+77,000 or +2.3%). Over the same period, the total
number of hours worked fell slightly (-0.1%).
• In June, employment fell among men aged 55 and older, while it increased for youths
aged 15 to 24 and changed little for the other demographic groups.
• British Columbia was the only province with employment growth. The other provinces
showed little change.
• Fewer people worked in construction, manufacturing, and the "other services" industry.
On the other hand, employment increased in accommodation and food services as well
as information, culture and recreation.
• The number of employees fell in the public sector and was little changed in the private
sector. At the same time, self-employment increased.

6. Summary / June

7. Job Creation/year
• 2015 there was 158K new jobs
• 2016 is on pace for 102K new jobs
• Service sector will create 225K
• Good producing will lose 123K
Key comments:
• Canada's job market was effectively flat in June but
the jobless rate inched down to 6.8 per cent because
there were fewer people looking for work.
• Statistics Canada reported Friday that the economy
lost 700 jobs in June. In a workforce of more than 18
million workers, the data agency considers a move
that small to be "unchanged.“
• "What is a soft headline figure that posted no job
growth is even softer on the details,"
Scotiabank economists Dov Ziegler and Derek Holt
said after the numbers came out.
• "The unemployment rate fell despite no job creation
because about 21,000 job seekers dropped out of the
workforce, which of course is not a good way by
which the unemployment rate can decline.“ Source:
CBC
Source: Stats Canada

8. Employment / Summary – BMO comments
• As usual, Alberta was the focus, but that province was
not a big player in June, dropping a modest 1,900 jobs
last month – StatsCan again did not survey in the Fort
McMurray region, so the underlying figures were in fact
even weaker. But note that the province’s jobless rate
ticked up again to 7.9% and it now has an above-median
rate—it’s the highest rate in the country outside of
Atlantic Canada, and is just 3 ticks below Nova Scotia’s.
• Quebec actually posted the biggest job losses (-11k), yet
its unemployment rate dipped a tick to 7.0%.
• It was a roughly similar story in Ontario, where jobs fell
4,200 but the unemployment rate also dipped two ticks
to just 6.4%. Only three provinces managed to post job
growth last month, and one stands far above all
others—it’s British Columbia, as has been the case for
more than a year. B.C. employment rose 16,000 and is
now up 3.0% y/y. To put that latter gain in perspective,
the next best province is Ontario at just 0.9% y/y. And
overall Canadian job growth has been a modest 0.6%
y/y—without B.C. it has been just 0.2% y/y.Naturally,
B.C. also boasts the lowest jobless rate at 5.9%, after it
fell two ticks in June

9. Top 19 Labour Markets – Canada
• City-level performance rankings continue to highlight
the regional rotation. Toronto and cities surrounding the
GTA still litter the top quartile—see Oshawa and K-W.
Job growth in Toronto itself continues to run at a strong
2.1% y/y clip.
• It’s safe to say that Vancouver is the strongest labour
market in the country, with employment surging 6.3%
y/y and the jobless rate hitting a 7½-year low. At 5.4%,
the jobless rate is now the lowest among metro areas
outside Quebec City, mighty Peterborough and Victoria.
• Among cities moving down the ranking are Calgary,
Saskatoon, Regina and others tied into the energy sector,
such as Kelowna— nothing new here.
Source: BMO Economics

10. Key Quotes – Labor Market
• Canada’s job market weakened in June as hiring stalled and people
left the labor force, making the second quarter the most sluggish for
payrolls in two years. Source Bloomberg