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Canada Sept Full-Time Jobs Biggest Gain In More Than Two Years

CANADA DATA
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  • Canada jobs +46.7K in September beating forecasts for +22.5K. 
  • Full-time employment +112K MOM, the largest increase since May 2022. 
  • Unemployment rate -0.1pp to +6.5% MOM. 
  • Hours worked -0.4%  MOM and +1.2%  YOY.
  • Average hourly wages +4.6% YOY in September from +5% in August. 
  • Employment rate, the proportion of the population aged 15 and older who is employed, fell 0.1pp to 60.7% in .
  • This is the last jobs report before the BoC's next interest-rate decision on October 23 where the bank is expected to cut rates for a fourth meeting in a row.   
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  • Canada jobs +46.7K in September beating forecasts for +22.5K. 
  • Full-time employment +112K MOM, the largest increase since May 2022. 
  • Unemployment rate -0.1pp to +6.5% MOM. 
  • Hours worked -0.4%  MOM and +1.2%  YOY.
  • Average hourly wages +4.6% YOY in September from +5% in August. 
  • Employment rate, the proportion of the population aged 15 and older who is employed, fell 0.1pp to 60.7% in .
  • This is the last jobs report before the BoC's next interest-rate decision on October 23 where the bank is expected to cut rates for a fourth meeting in a row.