Canada

Unemployment rate unchanged as 108,000 jobs added in October

The unemployment rate held steady at 5.2 per cent in October as the economy added 108,000 jobs in the month, Statistics Canada said on Friday.

The added jobs reversed much of the loses from May to September.

Statistics Canada said employment rose in the manufacturing, construction, accommodation and food services industries while falling in wholesale and retail trade, and in the natural resources sector.

It also said the number of jobs in the private-sector rose for the first time since March 2022.

The gain in jobs comes after four months of job losses or little growth in employment.

In September, the economy added 21,000 jobs in the month as the unemployment rate fell to 5.2 per cent. Prior to September, the Canadian economy had posted three consecutive months of job losses.

Wages grew by 5.6 per cent in October compared with a year ago, the fifth straight month of wage growth of five per cent or higher. The average hourly wage is now at $31.97.

However, with the annual inflation rate at 6.9 per cent in September, many Canadians have lost purchasing power over the last year.

The report highlights that high-wage earners were more likely to experience a wage increase over the last year compared with lower-wage earners.

Among workers who have been with their employer for the last twelve months, nearly two thirds of workers earning more than $40 an hour got a raise. In comparison, half of workers making less than $20 an hour saw their wages go up.


Report by Patricia D’Cunha and The Canadian Press

LATEST

ENGLISH

STORIES

LATEST

ENGLISH STORIES

‘We regret sending her...
Financial institutions have a...
New toonie with black...
Experts: inflation on the...
SEE ALL ENGLISH CONTENT
  • PORTUGUESE ARABIC PORTUGUESE
  • ARABIC ITALIAN ARABIC ITALIAN
  • ENGLISH MANDARIN ENGLISH MANDARIN
  • MANDARIN FILIPINO MANDARIN FILIPINO

ABOUT


OMNI


TELEVISION


OMNI Television is Canada’s only multilingual and multicultural television broadcaster.

OMNI offers a wide range of locally produced and acquired programming in more than 40 languages, including news, current affairs and entertainment content in Arabic, Cantonese, Filipino, Italian, Mandarin, Portuguese, and Punjabi.

ABOUT US