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Canada adds fewer than expected jobs in October, wages rise

  • Canada added 14,500 jobs in October, which was lower than expected, as reported by Statistics Canada.
  • The unemployment rate remained unchanged at 6.5 percent, close to a 34-month high.
  • The average hourly wage growth for permanent employees increased to 4.9 percent in October from 4.5 percent in September, according to the agency.
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Bowen Island UndercurrentBowen Island Undercurrent
+9 Reposted by 9 other sources
Lean Left

'More of the same': Jobless rate holds steady at 6.5% in October amid weak hiring

OTTAWA — Canada’s unemployment rate held steady at 6.5 per cent last month as hiring remained weak across the economy. Statistics Canada’s labour force survey on Friday said employment rose by a modest 15,000 jobs in October.

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Sask Today broke the news in on Friday, November 8, 2024.
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