Monthly Labour Market Update Graphic

The latest Statistics Canada local labour market report customized for the Brantford CMA for last month is now available.

October Unemployment Rate: Brantford 7.2% [+] Ontario 7.0% [-] Canada 6.7% [-]

Be sure to review the participation rate and the employment rate (reported as percentages), as well as the labour force, the employed, and the unemployed values (reported as absolute numbers). These give a better picture of changes in the market.

Labour Market Report

The report includes annual rates for the last 10 years, comparing Brantford to surrounding CMAs as well as the provincial and national levels.


Revisions to Labour Force Survey data

Following each census cycle, Labour Force Survey (LFS) data are revised to ensure alignment with the most recently available population estimates, geographic boundaries, and occupation and industry classifications. This standard revision process—which has little impact on key labour market indicators such as employment and the unemployment rate—ensures that the LFS continues to paint a complete and accurate picture of labour market conditions.  Read more on the Statistics Canada website.


Overview from Statistics Canada

After returning to its pre-pandemic level in September, employment held steady (+31,000; +0.2%) in October. The unemployment rate fell by 0.2 percentage points to 6.7%.

Employment increases in a number of industries, including retail trade, were offset by declines elsewhere, including in accommodation and food services. Employment rose in Ontario and New Brunswick, while it fell in Manitoba and Saskatchewan. Gains among paid employees were offset by declines in self-employment.

Highlights

Employment holds steady in October

After returning to its pre-pandemic level in September, employment held steady in October.

Employment increases in a number of industries, including retail trade (+72,000), were offset by declines elsewhere, including in accommodation and food services (-27,000).

Employment rose in Ontario and New Brunswick, while it fell in Manitoba and Saskatchewan.

Gains among private-sector employees (+70,000) were partially offset by declines in self-employment (-38,000).

Total hours worked were up 1.0% in October, and were 0.6% below their pre-pandemic level.

The number of employed people working less than half their usual hours fell 9.7% (-100,000) in October but remained 14.5% higher than in February 2020.

Among people of core working age (25 to 54 years), employment rose by 53,000 (+0.4%), all in full-time work.

Full-time employment among core-aged men returned to its pre-pandemic level, while full-time work for core-aged women was 98,000 (+1.0%) higher than in February 2020.

After increasing from June to September, employment was virtually unchanged in the services-producing sector in October. For the fourth consecutive month, employment was little changed in the goods-producing sector.

Unemployment rate declines for the fifth consecutive month

The unemployment rate fell 0.2 percentage points to 6.7% in October, a 20-month low and within 1.0 percentage points of the rate (5.7%) in February 2020.

The adjusted unemployment rate—which includes people who wanted a job, but did not look for one—was 8.7%, the lowest rate since the onset of the pandemic.

Long-term unemployment—the number of people continuously unemployed for 27 weeks or more—was little changed (379,700) in October.


Local Top Line

  • October Unemployment Rate: Brantford 7.2% [+] Ontario 7.0% [-] Canada 6.7% [-]
  • The local unemployment rate increased by 1.1 month over month.
  • The local labour force expanded by 800 month over month.
  • The number of employed decreased by 100 month over month.
  • The number of unemployed increased by 900 month over month.
  • When compared to the surrounding CMAs of Hamilton, Niagara, Waterloo, Guelph, and London, Brantford’s unemployment rate is second highest.

Note:  Brantford's unemployment reflects a 3 month moving average, whereas Ontario and Canada are monthly figures.  The sample CMA breakdown for Brantford area is detailed in text at the Stats Canada website:  http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=117159&CVD=117161&CPV=543&CST=01012011&CLV=2&MLV=3