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 3.2% [-] Ontario 5.3% [=] Canada 5.5% [=]

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 Reports

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

Statistics Canada Summary

For Canada and Ontario, Statistics Canada reports that, “Following two consecutive months of growth, employment held steady in October. The unemployment rate was unchanged at 5.5%.

On a year-over-year basis, employment grew by 443,000 or 2.4%, driven by gains in full-time work. Over the same period, total hours worked were up 1.3%...

In October, employment increased in British Columbia and Newfoundland and Labrador, and was little changed in the other provinces.

Employment was down for men in the core working ages of 25 to 54, and grew for the population aged 55 and over.

Employment declined in manufacturing and construction. At the same time, employment was up in public administration and in finance, insurance, real estate, rental and leasing.

The number of self-employed workers decreased, while the number of employees in the public sector increased for the second consecutive month....

The number of people employed in manufacturing fell by 23,000 in October, mostly in Ontario. On a year-over-year basis, employment was virtually unchanged, as declines in Ontario were offset by gains in Quebec....

In October, employment in construction fell by 21,000, with declines in five provinces, led by Quebec and Ontario. Compared with 12 months earlier, national employment in the industry was little changed....

The number of people working in finance, insurance, real estate, rental and leasing increased by 18,000 in October, the second increase in three months. Employment in this industry was up 64,000 (+5.5%) compared with 12 months earlier. Both the month-over-month and the year-over-year increases were driven by Ontario....

Adjusted to US concepts, the unemployment rate in Canada was 4.4% in October and 3.6% in the United States. Compared with 12 months earlier, the unemployment rate declined by 0.3 percentage points in Canada and 0.2 percentage points in the United States.

The labour force participation rate in Canada (adjusted to US concepts) was 65.5% in October, compared with 63.3% in the United States. On a year-over-year basis, the participation rate increased by 0.3 percentage points in Canada, while it was up 0.4 percentage points in the United States.

The US-adjusted employment rate in Canada was 62.6% in October, compared with 61.0% in the United States. On a year-over-year basis, the employment rate rose by 0.5 percentage points in Canada and 0.4 percentage points in the United States.

Top Line

  • October Unemployment Rate: Brantford 3.2% [-] Ontario 5.3% [=] Canada 5.5% [=]
  • The local unemployment rate decreased by 0.4 month over month.
  • The local labour force contracted by 1,600 month over month.
  • The number of employed decreased by 1,200 month over month.
  • The number of unemployed decreased by 400 month over month.
  • When compared to the surrounding CMAs of Hamilton, Niagara, Waterloo, Guelph, and London, Brantford’s unemployment rate is the lowest.

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

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