- In Q3 2019, employment in Peel’s labour market increased for the ninth consecutive quarter.
- Growth in employment was the result of higher full-time positions in the service sector.
- Peel’s quarterly average unemployment rate fell to its lowest Q3 level since 2006.
- Participation and employment rates increased to multi-year highs.
The number of Peel residents who were in the labour market working or searching for work (total labour force) increased by 1.8 per cent in Q3 2019.
The number of residents who were working (total employment) also increased (2.7 per cent) to extend quarterly employment growth in Peel to nine consecutive quarters.
Peel’s unemployment rate fell to 6.7 per cent, which was the lowest Q3 unemployment rate in fourteen years.
Employment and Participation Rates
In Q3 2019, Peel’s quarterly average participation rate (68.7 per cent) and employment rate (64.1 per cent) increased to three and four year highs respectively.
The rates for both youth (15-24 years) and adults (25 years and over), increased relative to Q3 2018.
Employment by Sector
There continues to be short-term fluctuations in the distribution of employment in Peel’s labour market, along with a longer-term shift away from goods production to services.
In Q3 2019, the increase in employment was solely the result of higher employment in the service sector, up 4.4 per cent.
Employment in the goods producing sector fell (-3.7 per cent) mainly due to a decline in employment in the construction sector.
Sectoral changes in Q3 2019 contributed to a further reduction in the share of employment in the goods producing sector (to 20 per cent) and an increase in that of the service sector (to 80 per cent) relative to shares a year earlier.
Employment by Type
Peel’s labour market has shown a shift towards part-time employment in recent years.
In Q3 2019, changes deviated from the longer-term trend when full-time employment increased by 3.7 per cent (26,600 persons) while part-time employment fell by 3.1 per cent (4,100 persons).
These changes resulted in a shift in the composition of total employment as follows:
- Full-time employment: 85.1 per cent of total, up 0.9 percentage points relative to Q3 2018; and
- Part-time employment: 14.9 per cent of total, down 0.9 percentage points over the same period.
1 Quarterly labour market statistics are all measures in quarterly averages.