OTTAWA, Oct 11 (Reuters) – Canada’s economy gained a net 46,700 jobs in September, entirely in full-time work, and the jobless rate edged down to 6.5%, Statistics Canada data showed on Friday.
Employment in the goods producing sector fell by a net 3,600 jobs, largely in agriculture. The services sector was up by a net 50,200 positions, mostly in wholesale and retail trade, as well as information, culture and recreation.
Sep 2024 Aug 2024
Jobs gain/loss +46,700 +22,100
full-time +112,000 -43,600
part-time -65,300 +65,700
Unemployment rate 6.5% 6.6%
Participation 64.9% 65.1%
Labor force 22.011 mln 21.995 mln
Sep 2024 Sep 2023 % change
Avg hourly wage C$36.54 C$34.98 +4.5
NOTE: Analysts surveyed by Reuters had forecast an increase of 27,000 jobs in September, and for the unemployment rate to rise to 6.7%. Hourly wage figures are for permanent employees.
(Reporting by Dale Smith; Editing by Ismail Shakil) ((ismail.shakil@tr.com))
Keywords: CANADA ECONOMY/EMPLOYMENT