Economy recovers nearly all of jobs lost in previous months (The Canadian Press image)

By The Canadian Press

National unemployment rate holds at 5.2 per cent

Canadian economy adds 108,000 jobs in October, unemployment holds steady

Nov 4, 2022 | 6:49 AM

OTTAWA – Statistics Canada says the economy added 108,000 jobs in October, reversing much of the losses observed in recent months.

According to the federal agency’s latest labour force survey, the unemployment rate held steady at 5.2 per cent as more Canadians looked for work.

Employment rose across a broad range of sectors, led by manufacturing, construction and accommodation and food services.

Though still falling short of hot inflation, wages continued to rise and were 5.6 per cent higher than a year ago.

The report says high-wage earners were more likely to see wage growth over the last year compared with low-wage workers.

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The Medicine Hat-Lethbridge region posted a 3.3 per cent unemployment rate in October — unchanged from September.

Alberta’s jobless rate was down 3-10ths of a per cent to 5.2 — same as the national rate.

Employment immigrants also reached a record high in October, with the employment rate among immigrants aged 15 and older at 62.2 per cent.

(The Canadian Press)