January – March 2016
- In the second quarter of 2016, the positive quarterly changes in Peel's labour market continued.
- During the quarter, all major labour market indicators improved relative to those registered in the similar quarter of 2015 as follows:
- The quarterly average labour force increased by 9.2 per cent to 871,600 persons;
- The quarterly average employment increased by 10.4 per cent to 811,600 persons; and
- The quarterly average unemployment rate declined from 7.9 per cent in April to June 2015 to 6.9 per cent in April to June 2016.
- Although the reduction in Peel's quarterly unemployment rate in April- June 2016 reflected lower rates in both the youth (15 – 24 years) and adult (25 years and over) segments of the market, the reduction in the youth (15 – 24 years) unemployment rate was more significant.
- In the youth (15 – 24 years) segment of the market the quarterly average unemployment rate declined by 5.8 percentage points, from 21.5 per cent in the second quarter 2015 to 15.7 per cent in the second quarter of 2016.
- This relatively large reduction in the unemployment rate for youth (15 – 25 years) resulted from the fact that there was a much stronger increase in the number of youth (15 – 24 years) who found jobs, relative to the number of youth (15 – 24 years) who entered the labour market in search of work.
- This meant that there were fewer youth (15 – 24 years) who were unsuccessful in their job search during the quarter.
- The quarterly average unemployment rate for the adult (25 years and over) sector also fell, but by a smaller magnitude (0.3 percentage points), moving from 5.5 per cent in April – June 2015 to 5.2 per cent in April – June 2016.
- The decline in the unemployment rate among adult (25 years and over) also reflected a greater level of success in finding work relative to the increase in the number of persons entering the labour market in search of work.
- However, the differential in the rate of change in employment and persons entering the labour market was less resulting in a smaller reduction in the unemployment rate for adult (25 years and over).
- Quarterly average growth was led by the service sector where the quarterly average employment jumped by 10.7 per cent over that registered in the second quarter of 2015.
- The quarterly average employment in the goods producing sector also supported the overall growth observed by increasing its employed labour force by 9.3 per cent.
- Quarterly average full-time employment grew by 7.0 per cent in April- June 2016.
- From a quarterly average employment level of approximately 630,000 in April – June 2015, quarterly average full-time employment increased to approximately 674,100 in April – June 2016.
- Quarterly part-time employment in Peel's labour market supported high growth with an increase of 30.7 per cent over the same period to reach approximately 137,400 positions.
Labour Market Changes for third quarter 2016
- In the third quarter (July – September) of 2016, changes in Peel's labour market remained positive, registering its seventh consecutive growth in quarterly average labour force and employment.
- When labour market conditions in July – September 2016 is compared with that registered in the similar quarter of 2015:
- The quarterly average labour force increased by 1.6 per cent to 880,100 persons; and
- The quarterly average employment increased at a slower pace of 1.1 per cent to 804,500 persons.
- The growth in quarterly average employment was supported by growth in goods producing industries, up 11.7 per cent.
- Employment in services fell by 1.4 per cent.
- There were increases in both full-time and part-time quarterly average employment during the quarter as follows:
- Full-time: up 0.9 per cent or by 6,200 positions; and
- Part-time positions: up 2.3 per cent or by 2,700 positions.
- Although average quarterly employment increased, the net entry of persons into the labour market outpaced the increase in average quarterly employment, resulting in an increase in the number of persons unemployed, and an increase in Peel's average quarterly average unemployment rate from 8.2 per cent in July – September 2015 to 8.6 per cent in July – September 2016.