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MNI: Canada Job Growth Slows, Unemployment Holds Steady

Employment has been flat much of this year.

Canadian employment growth slowed and lagged economist forecasts in October, though it was enough to keep the jobless rate steady and workers continued to receive wage increases far above the pace of consumer price inflation. 

Hiring slowed to 14,500 on the month from 46,700 in September and fell short of the economist consensus for 25,000. The overall increase was split between a gain of 25,600 full-time jobs and a decline in part-time of 11,200. Job creation has been flat over five of the last six months. 

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Canadian employment growth slowed and lagged economist forecasts in October, though it was enough to keep the jobless rate steady and workers continued to receive wage increases far above the pace of consumer price inflation. 

Hiring slowed to 14,500 on the month from 46,700 in September and fell short of the economist consensus for 25,000. The overall increase was split between a gain of 25,600 full-time jobs and a decline in part-time of 11,200. Job creation has been flat over five of the last six months. 

Keep reading...Show less