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Sept Jobs +378K vs +138K Expected, U-Rate 9.0% vs 9.9% Expected

CANADA DATA
  • Employment gain of 2.1% brings it within 3.7% (720k) of pre-Covid mark
  • Full-time jobs +334k, part-time +44k
  • Jobless rate fell 1.2pp on the month, fourth straight decline from May record of 13.7%
  • Staff working less than half their usual hours still +75% or +605k from pre-pandemic level, Statistics Canada reports Friday
  • Jobless rate including discouraged workers would be 11.9%
  • Slow recovery in self-employment may reflect availability of relief checks, which are starting to transition to regular jobless benefits where searching for work is encouraged
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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