Whitehorse Daily Star

Jobless rate continues its decline

It appears as if the Yukon’s economy is rebounding well from the COVID-19 blues.

By Whitehorse Star on January 11, 2022

It appears as if the Yukon’s economy is rebounding well from the COVID-19 blues.

According to figures provided by the Yukon Bureau of Statistics for December 2021, the seasonally-adjusted employment rate for the territory is now a miniscule 2.8 per cent. That’s down 2.4 per cent over December 2020.

The national rate for the same period is 5.9 per cent.

“There were 700 unemployed people in December 2021,” the report reads.

“The number decreased by 500, or 41.7 per cent, compared December 2020, and remained the same as November 2021.”

The report said 24,000 people had jobs in the Yukon. That number rose by 1,900 people over December 2020.

On a month-to-month basis, employment in the Yukon climbed by 800 people (3.4 per cent) in December 2021 over November 2021.

November’s data reported that the Yukon’s unemployment rate (2.9 per cent) fell by 2.2 percentage points compared to October (5.1 per cent).

Compared to October, the Yukon’s labour force rose by 200 to 23,900.

The number of employed increased by 700 to 23,200 and the number of unemployed dipped by 500, to 700.

Nationally, the November unemployment rate (6.0 per cent) dropped by 0.7 percentage points compared to October.

Compared to October’s figures, the labour force in Canada increased 0.2 per cent; the number of employed rose 0.8 per cent; and the number of unemployed fell by 8.9 per cent.

The Labour Force Survey estimates that 72.2 per cent of Yukoners aged 15 years and over were employed or seeking employment in November.

The Yukon’s participation rate in November (72.2 per cent) increased by 0.4 percentage points compared to October (71.8 per cent) and climbed by 0.9 percentage points compared to the rate in November 2020 (71.3 per cent).

The November employment rate of 70.1 per cent rose by 1.9 percentage points compared to October (68.2 per cent) and also increased by 1.9 percentage points compared to November 2020 (68.2 per cent).

Historically, the Yukon’s participation rate and employment rate have trended similarly to those of Alberta.

In recent periods, however, the territory’s rates have generally been higher than Alberta’s.

Compared to October 2021, full-time employment in November remained the same at 18,900; part-time employment increased by 400 to 4,100.

The October 2021 preliminary average weekly earnings figure for Yukon ($1,328.93) was the third-highest in Canada, following the Northwest Territories ($1,592.07) and Nunavut ($1,495.99).

The Yukon’s earnings figure increased 3.4 per cent compared to the figure for October 2020, while Canada’s figure was up 2.7 per cent.

Comments (11)

Up 2 Down 3

lies, damned lies & statistics on Jan 13, 2022 at 7:21 pm

The only rates that are used are the EI numbers. So if half of the govt workforce is gone on leave without pay then those #'s will not show up. They do not count welfare or the homeless in those numbers either.

Up 13 Down 3

Admiral A$$ on Jan 13, 2022 at 9:14 am

Nice wages up 3.4%. Inflation up 5% by current cpi so you lost 1.6% of your purchasing power. Forgive me for not being as hyped as our politicians.

Up 21 Down 6

Pierre on Jan 12, 2022 at 8:28 am

@snowman…obviously you have intoxicated yourself on the liberal kool aid…how can a trillion dollar debt and our energy sector shut down infer that our economy is in great shape. Partisan politics aside our economy is set to implode.

Up 17 Down 6

TMYK on Jan 12, 2022 at 7:57 am

@snowman that’s pretty funny. Exactly what economy do we have left in the Yukon? All we have is government and its trickle downs.

Up 15 Down 5

Juniper Jackson on Jan 11, 2022 at 6:24 pm

I do not believe it.

Up 8 Down 4

Jeff Donaldson on Jan 11, 2022 at 5:06 pm

And you can't Snow the Snowman...
Ya right...

Up 12 Down 49

Snowman on Jan 11, 2022 at 3:12 pm

Of course all the usual Yukon Party faithful are here to say:
These jobs are all low paying bad jobs!
I don't believe the numbers, they can't be true!

Luckily, the reality is that it is true and the economy is in great shape despite the bad news bears of the Yukon Party trying to convince people otherwise.
Say what you want about the Liberals and their horrible vaccine mandates, but they sure know how to get the economy hopping!

Up 33 Down 9

bonanzajoe on Jan 11, 2022 at 2:45 pm

And what kind of jobs are these? Low paid jobs in the food industry most probably. And many of those people have to have a least two jobs to live on. I've talked to some that have 3 jobs. So, that doesn't mean the jobless rate is declining. It simply means that the number of jobs taken has increased.

Up 22 Down 10

Matthew on Jan 11, 2022 at 1:39 pm

Yes we can tell. The abundant amount of immigrants here for one thing, PR card, then back down south! I mean if it were more affordable to live here more might stay!

Up 30 Down 12

Forced to Comply on Jan 11, 2022 at 1:31 pm

Wow, where the hell do these numbers come from? Oh wait, all those poor unvaxxed count as employed as they are on LWOP and can't qualify for EI or anything. Not to mention those who have dropped out of employability or retired early... Oh well, #JustinFlation is about to crush us all equally. Our "higher earnings" are about to get destroyed (not that the high cost of living wasn't already doing that here).

Up 32 Down 7

What are the real stats on Jan 11, 2022 at 1:12 pm

Would be nice to know how many people are filling 2-3 jobs to be able to live and how many remain unemployed by (mostly) choice.

How do they come up with the actual numbers? Are they just based on registered jobs out there and how many are vacant as opposed to actual people?

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