Note: This was a bilingual chat session, which means that the participants were able to submit their questions in English or French. Statistics Canada respects the Official Languages Act and is committed to ensuring that information products of equal quality are available in both English and French. For that reason, all the questions and answers have been translated in the other official language.
Moderator at 13:37:55
tanyaf, thank you for your question. Unfortunately, this question is not related to the topic of this chat session. We will answer your question by email in the next few working days.
Guy Gellatly at 13:52:19
The monthly GDP by industry release provides a graphical breakdown of the percentage point contribution to aggregate GDP growth that comes from different industrial sectors, and that will give you a good sense of the current movements. The industry contributions to growth in the second quarter were fairly broad-based, coming from both industrial production (namely mining, oil and gas, and manufacturing) as well as many services, such as wholesale and retail. During the summer months, GDP growth slowed on lower industrial production (mining, oil and gas were down in July in August, and manufacturing in August).
Cyndi Bloskie at 13:58:30
Newfoundland and Labrador has the highest unemployment rate in the country, currently at 12%. This is more than double the national rate of 6.5% in October, but has declined in recent months from 13.5%. The province has the lowest participation rate at 60.5% versus 66% at the national level. Please see the attached link to the CANSIM database for detailed labour force data by province and industry.
Moderator at 13:59:23
Thank you for your question. Unfortunately it is not focused on the topic discussed today. We will transmit your question to an expert in the area responsible for labour statistics who will get back to you by email over the next few days. Thank you.
Moderator at 14:05:01
Thank you for your question. Unfortunately, that subject is outside of the experts' area of expertise. We will follow up with you by email in the following business days.
Cyndi Bloskie at 14:12:20
We cannot comment on whether this is a new 'normal' but based on the data from 2000 to 2007, average annual GDP growth was 2.8%. From 2010 to 2013, GDP growth averaged 2.4%. In the first quarter of 2014, growth slowed to 0.9%, but picked up in the second quarter to an annualized rate of 3.1%.
Moderator at 14:12:36
Hello Real estate investor, thank you for your question. Unfortunately, the topic is outside our experts' area of expertise. We will get back to you by email in a few days.
Cyndi Bloskie at 14:22:41
Yes, Statistics Canada publishes monthly data on labour force participation. For more information on labour force data please refer to CANSIM.
Cyndi Bloskie at 14:24:01
From a statistical perspective, the lower price of crude translates into lower gasoline prices at the pump, which has a dampening effect on overall consumer and industrial prices. Lower oil prices also have an impact on export and import prices, which affects our terms of trade. However, the differential between the WCS and WTI has narrowed recently, which offsets some of the impact of the decline in overall prices. We cannot speculate on future events.
Moderator at 14:25:38
Hello Sgagnon, certainly, we will send it to you!
Guy Gellatly at 14:29:01
Most of the monthly or quarterly economic indicators published by Statistics Canada are reported in seasonally adjusted terms -- which removes the effect of seasonal or calendar effect in the data -- to allow for more meaningful month-to-month comparisons. If there are movements in the summer months that aren't seasonal, then these would be reflected in the month-to-month movements in the seasonally adjusted data. This doesn't necessarily just occur in the summer months. Recent Daily articles for manufacturing, trade and employment have noted the impact of unseasonal changes on monthly estimates. Here is a link to an FAQ on seasonal adjustment.
Cyndi Bloskie at 14:29:35
Seasonal adjustment eliminates the regular seasonal patterns in the data. For further information on seasonal adjustment check out Seasonally adjusted data – Frequently asked questions.
Guy Gellatly at 14:30:25
The impact of population aging on the labour market, and on employment creation, is certainly a development that garners a great deal of attention. I am not in a position to speculate on what the effects of aging will be going forward in terms of its implication for labour market trends. The October LFS release noted how the year-over-year growth in employment among workers aged 55 and over mirrors population growth among this group, and you can certainly get a good sense of the distributional effect of population aging on the composition of the labour force by looking at how the share of employment across age classes has been changing over time.
There is some analytical work on pension coverage and the transition to retirement that you can obtain from the research module on the Statistics Canada site.
Cyndi Bloskie at 14:36:24
This chart was intended to show economic growth across a sample of countries only, including industrialized, resource-based and developing economies.
Moderator at 14:37:08
Good afternoon kbpollock: We apologize, but the subject of your question is outside the area of expertise of our experts. We will follow up with you in the next few days.
Moderator at 14:44:18
Thank you marina.savchenko!
Moderator at 14:45:01
Hello robertchisholmukengineer: as indicated earlier, we will get back to you by email in the next few days. Thank you again for participating.
Guy Gellatly at 14:50:51
Monthly manufacturing sales returned to their July 2008 level with the release of the July 2014 reference month, followed by offsetting movements in August and September. There is a great deal of interest in how the sector has adapted in both the pre- and post-recession period. There is research available on our site that has examined the changing dynamics of the Canadian economy.
Cyndi Bloskie at 14:57:53
Thank you very much for your interest. There was a decrease in the total employment rate after the recession. We see that the aging of the population is affecting the employment rate, as confirmed in the Labour Force Survey's Daily releases. The employment rate of persons 55 years and older is at a record high. For more labour force data, please consult the Labour force survey estimates (LFS), by sex and age group, seasonally adjusted and unadjusted.