Last year, Ontario emerged as the province with the highest total net employment gain.
Rate of Unemployment
Canada’s rate of unemployment as at last year was the lowest it has ever been since 1976, with Ontario reducing its rate of unemployment from 5.8% to 5.6%, thus attaining the position of the second Province in Canada with the lowest rate of unemployment.
British Columbia was the province with the lowest unemployment rate, having a percentage value of 4.4%.
In Saskatchewan, the rate of unemployment dropped last year by 0.9 points down to 5.6%.
Rate of Employment
Across the nation, the employment growth rate generally grew by 0.9%, which is precisely 163,000 people.
According to a report, this surge in number is entirely as a result of the profits of full-time jobs.
The number of people who got full-time employment in Canada increased by 78,000 in 2018.
In British Columbia only, 44,000 fresh employees joined the workforce, and most of them were full-time workers. It was mentioned in a report that the province had an employment growth rate of 1.8%, which was twice the national average growth rate.
Saskatchewan’s growth rate also exceeded the national average employment growth rate with 11,000 more employees in 2018, thus having an employment growth rate of 1.9%.
According to Statistics Canada, most of all the employment gains were visible in service industries. Social Assistance and health care sectors were ahead of others, each having employment gains of 74,000.
Support services like business and building came next with employment gains of 59,000.
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