Saturday, 25 May, 2019

Canada gains 63000 jobs in September, unemployment rate falls

A worker walks on a construction site in Hamilton on Nov. 14 2013. THE CANADIAN PRESS  Aaron Lynett A worker walks on a construction site in Hamilton on Nov. 14 2013. THE CANADIAN PRESS Aaron Lynett
Rhonda Young | 07 October, 2018, 21:54

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%.

The improvement in September reflected the addition of 1,000 net new jobs while the size of the labour force, which includes all people who are seeking jobs, remained the same.

The September job gains indicate volatility continues in the jobs market after August saw a decline of more than 51,000 positions, when the unemployment rate was set at 6.0 per cent.

In a note to clients Friday morning, CIBC senior economist Royce Mendes said the "wild ride that is the Labour Force Survey (LFS) continued in September". "Following two very volatile months even for the LFS, the data was somehow able to surprise everyone once again".

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The Bureau of Labor Statistics (BLS) announced that in September the national jobless rate dropped to 3.7% as the economy added 134,000 jobs.

In Yukon, the unemployment rate sits at 3.2 per cent after the territory lost 400 jobs in the third quarter this year, bringing the unemployment rate there up by nearly one per cent.

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

On a year-over-year basis employment rose by 222,400 jobs, or 1.2 percent.

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In Ontario, employment increased by 36,000, the third increase in four months.

The agriculture sector also saw gains of about 9,000 jobs, offsetting continuous declines seen since May.

The capital region followed Quebec City and Guelph, Ont., with the lowest unemployment rates nationally, Statistics Canada said in its latest report. The numbers were compared with the second quarter and based on a three-month rolling average.

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