Ottawa: Recouping losses observed from May to September, there is (+0.6%) rise in the employment rate in October month in the country as employment rose by 108,000 while the unemployment rate remained steady at 5.2% in October.

According to the Statistics Canada, employment rose in several industries, led by manufacturing, construction, and accommodation and food services while it witnessed a decline in wholesale and retail trade, as well as in natural resources.

Employment rose in six provinces

Employment increased in Ontario, Quebec, Prince Edward Island, Newfoundland and Labrador, Saskatchewan and Manitoba in October. There was little monthly change in the remaining provinces.

Unemployment rate holds steady, labour force participation increases

After declining in September, the unemployment rate held steady at 5.2% in October, 0.3 percentage points above the record low of 4.9% observed in June and July. The adjusted unemployment rate—which includes people who wanted a job but did not look for one—was virtually unchanged in October at 7.1%.

Meanwhile, over one in three (35.3%) Canadians aged 15 and older lived in households citing difficulty meeting financial needs in October, up from one in five in October 2020.

Leave a Reply