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HomeNationalStatistics Canada will release its September jobs report todayTAZAA News

Statistics Canada will release its September jobs report todayTAZAA News

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Ottawa –

Statistics Canada is expected to release its September Labor Force Survey today.

The Canadian economy posted three consecutive months of job losses as signs of an economic slowdown began to emerge.

RBC estimates the economy added 15,000 jobs in September as seasonal distortions in the labor market eased.

The unemployment rate was 5.4 percent in August, down from a record high of 4.9 percent the previous month.

Average hourly wages rose 5.4 percent in August from a year ago.

The Bank of Canada is raising interest rates to bring demand in line with supply in an economy that has been hurt in part by ongoing labor shortages.


This report was originally published by The Canadian Press on October 7, 2022.

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