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- Canada adds 378,000 new jobs in September; unemployment rate falls to 9.0 percent
Canada adds 378,000 new jobs in September; unemployment rate falls to 9.0 percent
Statistics
Canada reported on Friday that the number of employed people increased by 378,000
m-o-m in September (or +2.1 percent m-o-m) after an unrevised increase of 245,800
m-o-m in the previous month. Economists had forecast an advance of 156,600
m-o-m.
Meanwhile,
Canada's unemployment rate fell to 9.0 percent in September from 10.2 percent
in August, exceeding economists’ forecast for 9.7 percent. That was the lowest
rate since March.
According to
the report, full-time employment climbed by 334,000 (or +2.3 percent m-o-m) in
September, while part-time jobs rose by 44,200 (or +1.3 percent m-o-m).
In September,
the number of public sector employees surged by 143,600 (or +3.8 percent
m-o-m), while the number of private sector employees jumped by 259,800 (or +2.3
percent m-o-m). At the same time, the number of self-employed declined by 25,100
(or -0.9 percent m-o-m) last month.
Sector-wise,
employment increased both in goods-producing (+2.0 percent m-o-m) and
service-producing (+2.1 percent m-o-m) businesses.
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