Sunday, 16 December, 2018

Canada Added 63,300 Jobs in September

The Statistics Canada offices at Tunney's Pasture in Ottawa are seen The Statistics Canada offices at Tunney's Pasture in Ottawa are seen
Nellie Chapman | 08 October, 2018, 01:19

September's increase in employment was largely driven by gains in part-time work, with part-time jobs up by around 80,000, StatsCan said in its monthly labour force survey. The number of full-time positions declined by 16,900.

Ontario and British Columbia were home to the greatest increases in employment, while it remained little changed in other provinces, the agency said.

The data is likely to cement market expectations that the Bank of Canada raise hike interest rates again on Oct 24, for a fifth time since July 2017 on a strengthening economy.

Exports in August fell by 1.1 per cent, the biggest decline since January, partly due to lower shipments of motor vehicles, and imports dropped by 2.5 per cent for the same reason.

"The current reading, however, looks more in line with other measures of wages, and suggests that inflationary pressures aren't set to take off", Mendes wrote in a client note. 600 jobs were created last month while 600 fewer people claimed unemployment. Thomas jobless rate fell to 5.2 per cent in September, even with the month before.

The Northwest Territories added 900 jobs over the summer, according to third-quarter employment data from Statistics Canada released Friday. "The Survey of Employment, Payrolls and Hours (SEPH), a survey of establishments is showing a much better picture in 2018 (+202K for the 7 first months of the year vs. 74K for a comparable gauge based on the LFS)".

The agriculture sector also saw gains of about 9,000 jobs, offsetting continuous declines seen since May.

The unemployment rate in the N.W.T.is 4.7 per cent.