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

Canada’s unemployment rate drops for first time since January by 0.1%

Canada’s economy saw 46,700 new jobs added in September, with the unemployment rate dropping to 6.5%, according to the latest data from Statistics Canada. The agency released its Labour Force Survey on Friday, which found that the 0.1% decline in the unemployment rate was the first decrease since January.  “Employment rose by 47,000 (+0.2%) in September while the employment rate declined 0.1 percentage points to 60.7%. The unemployment rate fell…

Economists were surprised by the strength of the Canadian economy, which created 47,000 jobs in September.

Economy Adds 47,000 Jobs in September, Unemployment Rate Falls to 6.5 Percent

The economy added 47,000 jobs in September, while the unemployment rate declined for the first time since January to 6.5 percent. Statistics Canada says youth and women aged 25 to 54 drove employment gains last month, while full-time employment saw its largest gain since May 2022. Despite the job gains, the employment rate was lower in September, reflecting continued growth in Canada’s population. The unemployment rate has been steadily climbing…

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

Statistics Canada said Friday that job gains were focused in full-time work and in the private sector, offset by losses in part-time roles and public employment.

Canada Jobless Rate Dips, Bolstering Case for Gradual Rate Cuts

Canada’s unemployment rate unexpectedly fell as job gains beat expectations, bolstering the Bank of Canada’s case for gradual rate cuts and raising hopes of a soft landing.

Canada's unemployment rate falls to 6.5 per cent in September

The economy added 47,000 jobs in September, while the unemployment rate declined for the first time since January to 6.5 per cent.