Economy added 35300 jobs last month, unemployment rate up: Statistics Canada

Dianna Christensen
November 4, 2017

Statistics Canada says the Canadian economy added 35,300 jobs in October 2017, but the unemployment rate still increased as more young people looked for work. The industry has added 17,500 jobs since September 2016.

Windsor's unemployment rate is up almost two per cent compared to a year ago, according to data released by Statistics Canada on Friday.

Unemployment was 6.7 per cent during the month, up from 6.5 per cent in September. Information, culture and recreation industries added 15,300 jobs.

In addition, according to analysis from Mark Fleming, Chief Economist at First American, despite overall declines in unemployment, in sectors like homebuilding are still facing labor constraints. The number of full-time positions went up by 88,700, while part-time employment went down by 53,400 jobs, pushing the unemployment rate up to 6.3 per cent from 6.2 in September.

Since January of this year, unemployment in the United States has decreased by seven tenths of a percentage point.

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As a result, the unemployment rate fell to 4.1 percent, the lowest it's been since December 2000.

The robust employment report comes as growth slows in Canada after a stellar 12-month run that positioned Canada as the top-performing economy among the Group of Seven.

Nonfarm payrolls increased by 261,000 jobs last month as 106,000 leisure and hospitality workers returned to work, the Labour Department said in its closely watched employment report yesterday.

On the wage front, average hourly pay rose 2.4% in October from a year ago, following a 2.2% advance in September.

Almost all of the net new hiring was done at firms and organizations, as their payrolls rose 34,500, while the ranks of the self-employed - who tend to be independent contractors that aren't necessarily paid on a regular schedule - edged slightly upward.

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