Labour data ‘impressive’ as Canada adds jobs for 10th straight month
OTTAWA — The labour market posted a 10th-straight month of net job gains in September to match the economy’s longest monthly streak since the financial crisis almost a decade ago, Statistics Canada said Friday.
The national unemployment rate stayed at a nine-year low of 6.2 per cent after Canada added 10,000 net new jobs, including a surge of 112,000 full-time positions. The rise in full-time work more than offset a drop of 102,000 part-time jobs.
Wage growth also perked up in the latest survey, a long-awaited development after it remained surprisingly low earlier in the year despite the steady tightening of the country’s job market.
Experts underlined a lot of positives in a jobs report that arrived amid recent signs suggesting the economy is already starting to cool down, as widely expected, following red-hot start to the year.