- In Q2 2019, conditions in Peel’s labour market continued to improve.
- Quarterly average employment registered its eight-consecutive increase.
- Both labour force (people in the labour market working or looking for work) and employment (people successful in finding jobs) grew.
- Peel’s unemployment rate remained at its lowest second quarter level since Peel-specific data became available in 2003.
- Participation and employment rates increased to their highest second quarter levels in eight and ten years respectively.
Broad labour market indicators in Peel continued to improve in Q2 2019.
When compared with Q2 2018, labour market changes in Q2 2019 were as follows:
- Both the quarterly average labour force and employment increased by 6.1 per cent;
- Peel’s unemployment rate remained unchanged at a multi-year low of 6.7 per cent.
The increase in employment in Q2 was the eight consecutive increase in quarterly average employment in Peel's labour market.
Employment and Participation Rates
In Q2 2019, Peel’s quarterly average participation (70.2 per cent) and employment (65.5 per cent) rates increased to their highest second-quarter levels in eight and ten years, respectively.
This was the second consecutive year in which second quarter participation and employment rates in Peel increased to break the general downward trend in the rates.
The rates for both youth (15-24 years) and adults (25 years and over) increased in the period.
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 Q2 2019, employment in both the goods-producing sector (15.3 per cent) and service sector (3.9 per cent) increased relative to Q2 2018.
The stronger growth in employment recorded in the goods-producing sector was the result of a robust 30.5 per cent or 30,100 person growth in manufacturing employment.
At 30,100 persons, the increase in manufacturing employment was the second-largest sectoral increase in Q2 2019 after Professional, Scientific and Technical Services (up by 35,900 persons or 71.7 per cent).
With the stronger growth, the share of employment by the goods-producing sector increased from 19.2 per cent in Q2 2018 to 20. 9 per cent in Q2 in 2019.
Employment by Type
Peel’s labour market has shown a shift toward part-time employment in recent years.
In Q2 2019, the changes were different as full-time employment led growth with 6.2 per cent (43,300 persons) increase.
Part-time employment increased by 5.3 per cent (7,500 persons) in the same period.
With the stronger growth in Q2 2019, the share of employment by the full-time sector increased by 2.1 percentage points to 83.1 per cent, while the share of part-time employment fell to 16.9 per cent.
1Quarterly labour market statistics are all measures in quarterly averages.