Canada adds jobs in September, unemployment rate falls to 5.9%

NewsAlert: Canada gains 63,000 jobs in September, unemployment rate falls

Canada's Unemployment Rate Dips On Boom In Part-Time Work

On a year-over-year basis, Canada gained 222,000 jobs since September 2017.

August saw a net decline of more than 51,000 positions, pushing the unemployment rate to six per cent. Year-over-year, employment is up by 220,000 jobs or 1.2 per cent.

September job numbers reinforce the likelihood of an October interest rate hike by the Bank of Canada, and keep a firm foundation on further moves in 2019, Porter said.

However, nearly all of the September job gains came from an increase in part-time employment and were mostly concentrated in Ontario and British Columbia with little change in other provinces.

Most of the gains were made in Ontario and British Columbia provinces, and were mostly attributable to part-time hiring, said Statistics Canada.

"The current reading, however, looks more in line with other measures of wages, and suggests that inflationary pressures aren't set to take off", Mendes wrote in a client note.

Across the province, unemployment fell by 0.3 points to 6.4 per cent, fuelled by growth in part-time work, up by 2,900 positions, while the number of full-time jobs fell by 1,000.

More people worked in construction, finance, insurance, real estate, rental and leasing public administration and agriculture, Statistics Canada said.

Numerous jobs were found in construction, up by 28,000 in September, reversing two previous monthly declines.

Greater Victoria's unemployment rate tightened to 3.9 per cent last month from 4.3 per cent in August as the construction and health-care sectors added jobs.

As a result, the unemployment rate dipped to 5.9%, according to the latest data from Statistics Canada.

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