Canada Adds 12,000 New Jobs in September

CanadaStart up workers in their office space in Toronto, Ontario, Canada. Photographer: Kevin Van Paassen

The economy added 12,000 net new jobs in September, but the unemployment rate climbed by one-tenth of a percentage point to 7.1 per cent as more people entered the labour force, Statistics Canada said Friday.

The gain in the overall number of jobs came due to a gain in part-time employment, offset by a drop in full-time jobs.

The number of part-time jobs increased by 74,000 in September, but full-time employment fell by 62,000.

The September jobs report was the last major piece of economic data before the federal election on Oct. 19.

The Bank of Canada has cut its key interest rate twice this year in a bid to help an economy which contracted in the first half of the year due in large part to the drop in oil prices.

The biggest mover in the September jobs report was the educational services sector which posted a loss of 51,000 jobs for the month, mostly in Ontario and Quebec.

Statistics Canada noted there have been a number of changes in the sector which could affect employment, including recent contract negotiations. The agency noted that before its seasonal adjustment the number of people working in the sector increased, but less than typically observed, resulting in the decline in the seasonally adjusted result.

The information, culture and recreation sector added 33,000 jobs last month, while the “other services” group added 22,000 jobs.

The number of self-employed increased by 31,000 in September, while public sector employment fell 29,000. The number of private sector employees climbed by 10,000.

Regionally, British Columbia and Alberta both posted gains of 12,000 jobs, while Manitoba increased by 4,000.

However, Ontario saw a drop of 34,000 jobs in September as losses in full-time employment were partly offset by gains in part-time work. Quebec added 11,000.

 

The Canadian Press

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Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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