Canada added more jobs in October, trade deficit remains the same

Share
Canada added more jobs in October, trade deficit remains the same

Statistics Canada says the economy added 35,300 jobs in October but the unemployment rate crept higher, with more young people looking for work.

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.

Share

Advertisement

Related Posts

Cisco launches AI-powered voice assistant for enterprises
Tuttle said that initially Spark Assistant will be able to understand basic commands, such as getting in and out of calls. The company unveiled Spark Assistant at Cisco Partner Summit 2017 , which wraps up November 2.

U.S. software firm Twilio to create 100 jobs in Dublin
Technology company Xilinx has announced the creation of 100 new jobs in its Irish operations. Varadkar is also due to meet the head of Apple, Tim Cook later today.

WhatsApp down, users complain of outages worldwide
According to reports, the Facebook-owned WhatsApp has been experiencing outages since Friday morning. Back then, it had taken the California company several hours to restore the service.

TV show host jailed after supporting single motherhood
Salah was jailed for three years and was forced to pay 10,000 Egyptian pounds (£434) for bail and a temporary compensation. Doaa Salah asked viewers on her Al-Nahar TV show " With Dody " if they had considered having sex before marriage.

Reading the Tea Leaves for United States Steel Corporation (X)
The highest price AKS stock touched in the last 12 month was $11.39 and the lowest price it hit in the same period was $4.21. Stifel Financial Corp acquired a new position in AK Steel Holding Corporation in the 1st quarter valued at $110,000.

Tiger Shroff's First Look From Baaghi 2 Is High On Heropanti
It is the second installment of 2016 super hit film " Baaghi " which starrer Tiger Shroff and Shraddha Kapoor. Earlier, the lovebirds were seen together in music video Befikra where they showcased their lovely chemistry.

Tenants one step closer to letting agent fees ban
The ban would mean that tenants in England will no longer have to pay anything other than rent and a refundable deposit. Letting agents could face prosecution or a fine of up to £30,000 if they breach a proposed ban on letting fees .

"Stranger Things" Boys Appear On "The Tonight Show Starring Jimmy Fallon"
In addition to being disappointed with the film's narrative, fans also expressed their displeasure of how incorrectly the show depicted Chicago's skyline.

Carmakers promise 400 fast-charging stations across Europe by 2020
The auto consortium's new fast chargers will cost about 200,000 euros ($233,000) each, sources said previously. A great benefit to this venture for owners of electric vehicles is that it's brand-agnostic.

Xiaomi Redmi Y1 Vs Y1 Lite: Price, Specifications, And Features
The Redmi Y1 is the first selfie-centric smartphone from Xiaomi which comes with a decent hardware at an affordable price . Redmi Y1 Lite runs on MIUI 8 based on Android Nougat 7.1.2 which will soon be upgraded to MIUI 9 by the end of November.

© 2015 ExpressNewsline. All Rights reserved.