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Dashboard of Economic Indicators

Labour Market

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Data source – STATSCAN
  • In the second quarter (April – June) of 2017, and for the third consecutive quarter, conditions in Peel’s labour market deteriorated relative to the corresponding quarter of the preceding year.
  • During the quarter, the quarterly average labour force was approximately 864,000 persons while the quarterly average employed labour force was approximately 802,000.
  • When compared with the changes in the first quarter of 2016, the changes in the first quarter of 2017 were as follows:
    • The average quarterly labour force, which captures the total number of Peel’s working age residents who are in the labour market working or looking for work, fell by 0.8 per cent or by 7,300 persons;
    • The average quarterly employment, which captures those persons who were working, fell by 1.1 per cent or by 9,100 persons; and
    • The quarterly average unemployed (those who were actively looking for work but who were unsuccessful) increased by 3.2 per cent or 1,900 persons, resulting in an increase in Peel’s quarterly average unemployment rate from 6.9 per cent in April – June 2016 to 7.2 per cent in April – June 2017.
  • Although this was the third consecutive decline in quarterly average employment in Peel’s labour market, it represented a sustained moderation in the pace of decline as follows:
    • October – December 2016: -5.7 per cent;
    • January – March 2017: -3.5 per cent; and
    • April – June 2017: -1.1 per cent.
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Data source – STATSCAN
  • The loss of employment in April – June 2017 concentrated in the Adult (25 years and over)2 age cohort where quarterly average employment declined by 3.3 per cent (23,000 positions).
  • However, there was a similar rate of exit from the labour market (3.3 per cent) resulting in the quarterly average unemployment rate for the 25 years and over age cohort remaining stable at 5.2 per cent, or the lowest unemployment rate in this segment of the labour market since this data became available in 2006.
  • In youth (15 – 24)3 segment of the labour market, an additional 17,000 persons entered the labour market (12.2 per cent) in the second quarter of 2017, 13,900 (11.9 per cent) of whom found jobs.
  • However, since those who found jobs were less than the number of persons who entered the market in search of work, the quarterly average youth unemployment rate increased from 15.7 per cent in the second quarter of 2017 to 16.0 per cent in the second quarter of 2017.
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Data source – STATSCAN

Employment by Type

  • All the jobs lost were in full-time positions, down 3.3 per cent or by 22,300 positions, while part-time positions increased by 9.6 per cent of 13,200 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 second quarter of 2017 was the result of weakness in both the goods producing and service sectors.
  • The service sector lost 6,500 positions, a decline of 1.0 per cent, while there were 2,500 fewer positions in the goods producing sector, down 1.5 per cent.

2 Referred to as adults in the remainder of this report.
3 Referred to as youths in the remainder of this report
.