Published: Mon, October 08, 2018
Money | By Ralph Mccoy

Canada's unemployment rate dips in September

Canada's unemployment rate dips in September

OTTAWA-The Canadian economy added more jobs than expected in September, as a sharp rebound in part-time hiring nudged the unemployment rate down to 5.9%.

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

September job numbers reinforce the likelihood of an October interest rate hike by the Bank of Canada, and keep a firm foundation on further moves in 2019, Porter said. "Following two very volatile months even for the LFS, the data was somehow able to surprise everyone once again".

Unemployment in the region was recorded at 6 per cent in August.

The Northwest Territories added 900 jobs over the summer, according to third-quarter employment data from Statistics Canada released Friday. But he wrote the current reading "looks more in line with other measures of wages" and suggests "inflationary pressures aren't set to take off".

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Stats Can's monthly labour force survey found that nearly all of the job gains were made by workers in the core 25 to 54 age range, with virtually no change in youth employment.

This marked the seventh straight month the unemployment rate was below five per cent, normally a sign of a healthy economy. Retail and wholesale services employment grew to 31,500 last month, from 26,500 a year ago.

Numerous jobs were found in construction, up by 28,000 in September, reversing two previous monthly declines.

The agriculture sector also saw gains of about 9,000 jobs, offsetting continuous declines seen since May. That's a decrease of 3.9 per cent compared to the second quarter of 2018 as fewer people searched for work, according to the labour force survey.

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