It’s hard to find much to complain about in the year-end job figures, which were released late last week by StatsCan.
They show 2018 as a solid year for employment creation. Employers created or generated almost 13,000 new full-time jobs in the year. Part-time positions dropped by 1,700, so the total or net number of jobs rose by 11,000. That’s an increase of about two per cent.
What this tells us is that there continues to be underlying strength in the economy, even in the face of challenging market conditions for some of our primary commodities like oil and potash.
For the year, the unemployment rate fell by roughly one per cent, or 14,000 people who were looking for work and were able to find it.
December was a bit of mirror image of the year as a whole. Total job numbers were virtually unchanged, but it was still a good news story as 2,100 part-time jobs were replaced by 2,200 full-time spots. This signalled employers’ confidence in converting temporary to permanent placements.