ZCZC
BCN-17
CANADA-UNEMPLOYMENT-OCTOBER
Canada unemployment slips to 5.8% in October
OTTAWA, Nov 3, 2018 (BSS/AFP) – Canada’s unemployment rate continued its
downward trend in October, thanks to higher-than-expected job creation,
Statistics Canada reported Friday.
The economy created 11,200 new jobs in October, about 1,200 more than the
consensus of analysts had expected.
The gains caused the jobless rate to slip 0.1 percentage point from
September to 5.8 percent. Over the past year the unemployment rate has ranged
from 5.8 percent to 6.0 percent, StatsCan said.
About 33,900 new full-time jobs were created in October, while 22,600
part-time jobs were lost.
“More people were employed in business, building and other support
services; wholesale and retail trade; and health care and social assistance,”
the report said.
But there were fewer public sector employees.
The number of people employed has increased 1.1 percent over the past
year, with most of the gains in full-time jobs.
BSS/AFP/HR/0955