Canada added 31,000 jobs in October, pushing jobless rate down to 6.7% – CBC

Job gains slightly lower than what economists were expecting

Nov 05, 2021

Canada’s economy added 31,000 jobs last month, well down from September’s pace of gains and below what economists were expecting but enough to push the jobless rate down by two ticks to 6.7 per cent.

Statistics Canada reported Friday that the jobs number only expanded by 0.2 per cent in October.

The retail sector added 72,000 jobs, while the accommodation and food services sector continues to lose them, shedding another 27,000 jobs during the month. Those sectors have been hardest hit by the pandemic because of their reliance on in-person contact, and they continue to be volatile.

While overall, Canada’s economy has more jobs than it did before the pandemic started in 2020, the numbers show that the employment recovery is uneven and running out of steam.

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