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Canada Job Gain Beats Expectations, Wages Climbed 5% YOY

CANADA DATA
  • Canada employment +63.8K vs +15K forecast, driven by part time employment. 
  • Labour force +71.8K in September as population growth highest since 1957. 
  • Canada needs employment gains of +50K per month to keep the employment rate constant.
  • Unemployment +5.5% for the third consecutive month. 
  • Average hourly wages +5%. 
  • Employment in educational services+65.8K in September as variations school-year contracts impact SA employment estimates for this industry over the summer months.

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