Canada loses 68,000 jobs, pushing unemployment rate higher
Canada's economy lost 68,000 jobs in September, marking the second consecutive month of decline and raising the unemployment rate to 6.5 percent. The losses were concentrated in educational services, healthcare, and manufacturing.
Why it matters
Rising unemployment and consecutive job losses signal potential economic instability, influencing monetary policy decisions by the Bank of Canada.
Copy Link Email X Reddit Pinterest LinkedIn Tumblr Canada loses 68,000 jobs, pushing unemployment rate higher September marks the second straight month of job declines
Join the conversation Job postings line bulletin boards at a CAW job action centre in London, Ont. Photo by CRAIG GLOVER/Postmedia Article content The Canadian economy shed 68,000 jobs in September, driving the unemployment rate up to 6.5 per cent and reinforcing the case for caution at the Bank of Canada , economists said.
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The job losses were split evenly between full-time (35,000 positions lost) and part-time (33,000 positions lost) employment , according to the latest Labour Force Survey published by Statistics Canada on Friday.
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