Analysis:Canada September Jobs +10k Amid Wage Growth Pick Up>

--Full-Time +112.0k; Part-Time -102.0k

--Permanent Jobs Hourly Wage Growth +2.2% Y/Y Vs August +1.7% Y/Y

By Yali N'Diaye

     Ottawa (MNI) - The Canadian economy added a further 10,000 jobs in 

September, bringing the gain to 229,000 year-to-date, largely as a 

result f full-time employment, data from Statistics Canada showed 

Friday. 

     Analysts in a MNI survey had expected employment to increase 15,000 

in September, with the unemployment rate edging up to 6.3% from 6.2% in 

August. Instead, the unemployment rate remained at 6.2%, while th 

eparticipation rate edged down to 65.6% from 65.7%. 

     While the overall 10,000 monthly jobs increase was smaller than the 

22,200 rise the previous month, underlying details were stronger, and 

the further wage growth pick up should be welcomed by the Bank of 

Canada. 

     First, September's performance owed to the strength of full-time 

employment, which surged 112,000 in September, the largest gain since 

May 2006, likely reflecting a stronger business confidence. 

     Part-time employment, on the other hand, the quality of which is 

considered lower, dropped a record 102,000, although this followed a 

110,400 surge the previous month. 

     On the wage front, the picture was also constructive, with hourly 

wages of permanent employees up 2.2% year-over-year in September, up 

from 1.7% in August. 

     Total average weekly wage growth rose 2.2% year-over-year, the 

largest gain since April 2016, following a 1.8% increase in August. 

     Meanwhile, total hours worked rose 2.4% year-over-year after 

increasing 2.2% in August. 

     On a sector basis, employment was led by good-producing sectors, 

with a gain of 10,500 on the month, led by construction (+7,400), 

natural resources (+3,100), and manufacturing (+2,300). 

     Employment in services edged down 500, as a result of offsetting 

movements across sectors: trade and educational services rose 16,600 and 

20,000, respectively, while information, culture and recreation was down 

23,700, and health care and social assistance fell 10,400. 

     Employment was concentrated in the public sector (+26,200), while 

it was down 15,500 in the private sector. 

     Self-employment edged down 800 and the number of employees rose 

10,800. 

     Over the third quarter, total employment rose 43,000, following a 

103,000 increase in the second quarter. 

     Once again, full-time employment led the gain with 59,000 in the 

third quarter versus a 16,000 decline in part-time jobs. 

--MNI Ottawa Bureau; email: yali.ndiaye@marketnews.com 

     [TOPICS: M$C$$$,MACDS$]