Economy added 35,300 jobs last month, unemployment rate up: Statistics Canada
OTTAWA — The Canadian economy continued to churn out more jobs in October even amid forecasts that economic growth is slowing in the second half of the year.
Statistics Canada said Friday that the economy added 35,300 jobs in October as the number of full-time positions swelled by 88,700, while part-time employment dropped by 53,400 jobs.
“After modest net job gains through the summer, October’s strong result suggest there is still some life left in the economic upswing,” Bank of Montreal chief economist Doug Porter wrote in a report.
The gain in jobs came as the unemployment rate increased to 6.3 per cent, up from 6.2 per cent in September, as more young people started looking for work.