NewsAlert: Canada gains 63,000 jobs in September, unemployment rate falls

Daniel Fowler
October 8, 2018

This was the smallest year-on-year increase since the 2.2 percent gain in September 2017. The monthly report from Statistics Canada indicates the jobs market remains volatile, after August saw a decline of more than 51,000 positions, raising the unemployment rate to 6.0 per cent, after two months of increases.

Ontario and British Columbia were home to the greatest increases in employment, while it remained little changed in other provinces, the agency said.

More people worked in construction, finance, insurance, real estate, rental and leasing public administration and agriculture, Statistics Canada said. Employment fell in information, culture and recreation, business, building and other support services.

Mendes noted that wage growth is slowing, down to 2.2 per cent from 2.6 per cent, year over year, the month before. "The Survey of Employment, Payrolls and Hours (SEPH), a survey of establishments is showing a much better picture in 2018 (+202K for the 7 first months of the year vs. 74K for a comparable gauge based on the LFS)".

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The accommodation and food sector saw job numbers slump to 14,200 from 16,500 a year ago.

This marked the seventh straight month the unemployment rate was below five per cent, normally a sign of a healthy economy. Year-over-year, the province has created 3,300 new jobs, largely driven by growth in the private sector, according to a news release from the government.

The economy added a net 63,300 jobs in September on a seasonally adjusted basis, Statistics Canada said Friday. The unemployment rate dropped one tick to 5.9%.

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