Canada's Unemployment Rate Dips On Boom In Part-Time Work


The Canadian economy added more than twice as many jobs as expected in September, although all of them were part-time, cementing market expectations that the Bank of Canada would raise interest rates again later this month.

Unemployment remains stubbornly high in Calgary where the seasonally adjusted rate was 8.2 per cent in both August and September, according to Statistics Canada.

The September job gains indicate volatility continues in the jobs market after August saw a decline of more than 51,000 positions, when the unemployment rate was set at 6.0 per cent.

The agency says September's increase in employment was largely driven by gains in part-time work, with part-time jobs up by around 80,000.

The job gains were also nearly entirely in Ontario and British Columbia, with little change in the other provinces. September's youth unemployment rate stood at 11.0 per cent, up by 0.1 percentage points from the previous month.

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Compared with a year ago, there were 278,000 more manufacturing jobs in the September.

The unemployment rate for September was 7.3 per cent, well above the provincial average of 5.7 per cent.

The agency's monthly labour force survey found that all of the job gains in September were made by workers in the core 25-to-54 age range with virtually no change in youth employment.

The agency said the number of self-employed Canadians declined by 35,000 after recording an nearly equal total increase over the past twelve months. The six-month average for employment gains rose to 14,800 jobs from 9,700 in August.

Statistics Canada also released third quarter employment numbers for the territories, reporting gains of 500 and 900 jobs in Nunavut and the Northwest Territories respectively while 400 job losses were recorded in Yukon.