Statistics Canada reported Thursday that 27,000 (-5.6%) fewer Canadians received regular Employment Insurance (EI) benefits in September, bringing the total number of beneficiaries to 455,000, a similar level to February 2020 (447,000) prior to the COVID-19 pandemic.
According to the Labour Force Survey (LFS), the unemployment rate in September 2022 fell 0.2 percentage points to 5.2%, as fewer people searched for work, said the federal agency.
“The number of people receiving regular EI benefits fell in every province in September. The largest proportional decreases occurred in New Brunswick (-19.7%; -7,000), Nova Scotia (-11.5%; -3,000), and Manitoba (-10.2%; -2,000). Ontario (-1.1%; -1,000) and Prince Edward Island (-1.2%; -100) posted the smallest declines,” said StatsCan.
“In September, the largest proportional regional declines in regular EI beneficiaries were in the census metropolitan areas (CMAs) of Moncton (-26.7%; -800), Saskatoon (-21.6%; -700) and Saint John (-19.4%; -600). Conversely, the number of beneficiaries increased in the CMAs of Guelph (+8.5%; +100), Hamilton (+6.3%; +400), and St. Catharines–Niagara (+3.5%; +200).”
Statistics Canada said the number of people receiving regular EI benefits fell in all age groups for the second month in a row. The largest proportional decrease occurred among EI recipients aged 15 to 24 years (-10.1%; -5,000), and the number of recipients in this age group fell for the 16th consecutive month.
“Women accounted for the majority of both the August and September decreases in beneficiaries. Following a decline of 23,000 (-10.6%) in August, the number of women receiving regular EI benefits fell by 21,000 (-10.7%) in September, accounting for 77.3% of the net monthly decline. The number of EI beneficiaries also decreased among men in September (-2.1%; -6,000),” it said.
(Mario Toneguzzi is a veteran of the media industry for more than 40 years and named in 2021 a Top Ten Business Journalist in the world and only Canadian)
Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders.
The commitment to a grass roots approach has built a loyal audience with over 120,000 downloads and thousands of subscribers on all our social channels and YouTube.
Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story.
Advertising and Sponsorships:
At Canada’s Podcast we are here to help you reach your communication objectives and get you results. If you are looking to build your brand, promote your products/services, announce an event, then you will want to reach our extensive data base of owners and entrepreneurs. Contact sales at: firstname.lastname@example.org and find out how we can make an impact on your bottom line with our sponsorship packages.
Sponsors include: RBC Bank, The Cooperators Insurance, Silicon Valley Bank, eBay, Lethbridge Economic Development, VanHack, CBC Dragon’s Den, The Competition Bureau, The Vancouver Board of Trade and more.