StatsCan says unemployment rate dipped in September on big part-time job gains

Mae Love
October 7, 2018

Canada's economy cranked up 63,000 jobs in September, edging the unemployment rate lower to 5.9 per cent, and offsetting job losses in August, Statistics Canada reported Friday. Analysts in a Reuters poll had forecast a gain of 25,000 positions.

Statistics Canada's labour force survey compiled job data from July, August and September in all three Northern territories.

The job gains were also nearly entirely in Ontario and British Columbia, with most other provinces fairly static. Market expectations were for an increase of 25,000. Over the summer, 500 jobs were added, though its unemployment rate stayed relatively the same, according to the labour force survey. "Following two very volatile months even for the LFS, the data was somehow able to surprise everyone once again".

Average hourly wages, a figure watched closely by the central bank, rose by 2.2 percent in September from a year earlier.

On a year-over-year basis, Canada gained 222,000 jobs since September 2017 or 1.2 per cent, entirely the result of gains in full-time work (+224,000).

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Men gained 34,000 of those jobs, while women saw increases of 20,000 positions, and a large chunk of the job gains were in construction.

The agency said the number of self-employed Canadians declined by 35,000 after recording an nearly equal total increase over the past twelve months.

The unemployment rate in the 4.7 per cent. This would contribute to the uptick in the jobless rate, as the number of people working is up from 96,300 this time previous year to 97,900.

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

Across B.C., the province added 33,300 jobs last month, pushing its unemployment rate down 1.1 percentage points to 4.2 per cent.

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