Canada gains 11,900 jobs, above analyst expectations
Canada’s unemployment rate declined 0.2 percentage points in September to 6.9 per cent as the country gained 11,900 jobs, slightly more than the 10,000 expected by analysts, according to the most recent Statistics Canada labour force survey.
Year-on-year, there was a gain of 212,000 jobs, but that rise was offset by a comparable increase in the working-age population, meaning the employment rate was little changed, rising just 1.2 per cent compared with a year ago, according to the survey released Friday.
Wages rose just 1.8 per cent year-on-year in September, better than August’s rise of 1.5 per cent but still “barely better than recent inflation trends,” said Douglas Porter, chief economist at BMO Capital Markets, in a note to investors.
Read more at CBC News http://goo.gl/IG3I4v
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