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.
49 Articles
49 Articles
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…
Coverage Details
Bias Distribution
- 75% of the sources lean Left
To view factuality data please Upgrade to Premium