Canada Loses 68,300 Jobs as Unemployment Rises to 6.5%
Updated
Updated · Bloomberg · Oct 9
Canada Loses 68,300 Jobs as Unemployment Rises to 6.5%
3 articles · Updated · Bloomberg · Oct 9
Summary
68,300 jobs disappeared in Canada in September, wiping out the year’s earlier gains and pushing the unemployment rate up to 6.5% from 6.4%.
Public-sector cuts drove the drop, extending a second straight monthly decline after August’s 42,000 job losses.
The weakness comes as the trade war with the US drags on, adding pressure to the labor market and sharpening focus on the Bank of Canada’s next rate decision.