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- Better Canadian employment not enough for CAD to rally
Better Canadian employment not enough for CAD to rally
Employment rose by 44,000 (+0.2%) in October as a result of more part-time work. The unemployment rate remained at 7.0% as more people participated in the labour market.
Compared with 12 months earlier, employment increased by 140,000 (+0.8%), mostly in part-time work (+124,000 or +3.6%). At the same time, the total number of hours worked was little changed.
In October, employment increased among youth and edged up for men aged 25 to 54. There was little change among the other demographic groups in the month.
Provincially, employment was up in Ontario and British Columbia, while it declined in Newfoundland and Labrador.
More people were employed in construction, wholesale and retail trade, "other services," educational services, natural resources and public administration. At the same time, there were declines in business, building, and other support services.
The number of private sector employees edged up in October, while there was little change in the number of public sector employees and self-employed.
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