Jobless rate drops to 4.5 per cent in September in Capital region

NewsAlert: Canada gains 63,000 jobs in September, unemployment rate falls

Canada's Unemployment Rate Dips On Boom In Part-Time Work

The Canadian economy added more than twice as many jobs as expected in September, although all of them were part-time, cementing market expectations that the Bank of Canada would raise interest rates again later this month.

Statistics Canada on Friday reported a gain of 63,300 jobs in September and said the jobless rate had edged down to 5.9 percent from 6.0 percent in August.

However, nearly all of the September job gains came from an increase in part-time employment and were mostly concentrated in Ontario and British Columbia with little change in other provinces.

Ontario and British Columbia were home to the greatest increases in employment, while it remained little changed in other provinces, the agency said. Over the summer, 500 jobs were added, though its unemployment rate stayed relatively the same, according to the labour force survey.

He made note that hourly earnings growth has slowed to 2.2 per cent from 2.6, year-over-year, in August. September's youth unemployment rate stood at 11.0 per cent, up by 0.1 percentage points from the previous month.

Numerous jobs were found in construction, up by 28,000 in September, reversing two previous monthly declines. 600 jobs were created last month while 600 fewer people claimed unemployment.

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

As a result, the unemployment rate dipped to 5.9%, according to the latest data from Statistics Canada. The numbers were compared with the second quarter and based on a three-month rolling average.

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