Labour market adds 67,000 jobs

Canada’s labour market added 67,000 jobs in October, with the unemployment rate falling to 6.9 per cent, down from 7.1 per cent the month before.

Most of the employment growth in October was driven by part-time positions, Statistics Canada said on Friday, with industries such as wholesale and retail trade, transportation and warehousing, and information, culture and recreation recording job gains during the month.

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Friday’s numbers beat the consensus call among economists, who had expected a loss of 20,000 jobs and for the jobless rate to tick up to 7.2 per cent.

October’s job gains come on top of the 60,000 jobs added in September. Statistics Canada said the employment gains in September and October offset the cumulative job losses

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