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Canada’s unemployment rate falls back to 6.5% in September

  • Canada added 47,000 jobs in September, decreasing the unemployment rate to 6.5%, according to Statistics Canada.
  • The drop in unemployment follows four months of minimal change and is the first decrease since January.
  • Youth and women aged 25 to 54 were key contributors to the employment gains, with full-time jobs seeing significant growth since May 2022.
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Economists were surprised by the strength of the Canadian economy, which created 47,000 jobs in September.

·Montreal, Canada
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City News broke the news in Toronto, Canada on Friday, October 11, 2024.
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