The job numbers were released on Friday for
Canada for September.
Here are the highlights:
-
The
unemployment rate for Canada declined 0.2 percentage points
to 6.9% primarily as a result of fewer youths searching for work.
This is the lowest unemployment rate in Canada since December, 2008, but it is
not reflective of the real unemployment rate since this doesn’t include a
significant number of people who are no longer looking for work (who have
dropped out of the labour participation numbers)
-
While
employment increased by 11,900, there was a significant decrease in
manufacturing jobs with 26,000 jobs lost in September.
-
The
unemployment rate for Ontario declined 0.2 percentage points to 7.3%.
-
Alberta
and Saskatchewan continue to have the lowest provincial unemployment rates in
the country at 4.3% while New Brunswick has the highest unemployment rate at
10.7%
The U.S. job numbers have not been released
for September because of the government shutdown.
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