.Alex_Carrick 's latest column looks at how Canada's construction sector shed 25,000 Jobs in November.
As the U.S. added 263,000 jobs in November, Canada stood by and watched in awe. The change in total employment north of the border in the latest month, according toOn a little cheerier note for Canada, full-time employment in November rose by +51,000 jobs, although part-time staffing fell by -41,000. Full-time work is higher paying and more stable and is therefore judged to be of higher ‘quality’ when it comes to helping out the economy.
The overall decline in construction employment in November occurred mainly in Alberta and British Columbia .report on the cost of construction Toronto, which carries a weighting of about one-third in both indices, recorded the most eye-popping advances, +25.9% y/y for residential and +15.6% for nonresidential.
All the provinces in Atlantic Canada have been creating jobs y/y at a pace speedier than the country as whole. Historically, this has not been a common occurrence. The Atlantic has usually ridden further back in the pack when it comes to employment generation. In fact, that’s why so many young adults from the region headed west in years gone by to earn good paychecks working on resource projects in mining and energy extraction.
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