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Canada adds fewer than expected jobs in October, wages rise

  • Canada’s unemployment rate was steady at 6.5 percent in October, with a modest increase of 15,000 jobs reported by Statistics Canada.
  • The business, building and support services sectors had the largest job gains, while finance, insurance, and real estate saw the most declines.
  • Average hourly wages increased by 4.9 percent, reaching $35.76 in October.
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Bowen Island UndercurrentBowen Island Undercurrent
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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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