Canada added jobs in October at a stronger-than-expected pace amid a slowing economic backdrop, with full-time employment surging and wage gains accelerating for a second straight month. Victoria B.C. continues to enjoy the lowest unemployment rate in Canada at 3.8%, while St. John's Newfoundland has the highest at 8.8%.
Employment in the construction and manufacturing increased by 18,400 and 7,800 jobs respectively but slumped in the wholesale and retail trade sector, which shed 35,900 positions. The six-month average for employment growth was 29,700 jobs, up from 24,300 in September.
On a year-over-year basis, total employment rose by 308,000, with full-time work increasing by 397,000 and the number of people working part time declining by 89,000. The number of full-time jobs held steady at 60,300.
This article was corrected at 08:57 a.m. ET because the original ontained a typo in the third paragraph, stating expectations were 15,00. Prices of exports fell 0.6 per cent, while volumes grew 0.3 per cent.