Canada adds 35300 jobs in October, as full-time positions surge

  • Canada adds 35300 jobs in October, as full-time positions surge

Canada adds 35300 jobs in October, as full-time positions surge

On a national lever, Stats Can says the economy added 35,300 jobs in October but the unemployment rate crept higher, with more young people looking for work.

The Opposition NDP said the Saskatchewan Party needs to focus on creating and supporting an economic environment that creates more jobs.

The country added 88,700 full-time jobs in October, and 200,700 over the past two months.

Analysts in a Reuters poll had forecast 15,000 extra jobs and predicted the unemployment rate would stay at 6.2 percent.

That's compared to 5.8 per cent in September, according to Statistics Canada.

In New Brunswick, employment rose by 2300 in October, and the unemployment rate remained stable at 7.8 %.

The province's unemployment rate dropped to 5.9 per cent last month, tying Saskatchewan for third lowest in Canada.

Across Canada, it increased by 0.1 percentage point to 6.3% in October.

By industry, the "other services" category led the growth in jobs with a gain of 21,400 positions, while the construction industry gained 18,400.

Saskatchewan continues to move the dial when it comes to jobs in Canada.

"After modest net job gains through the summer, October's strong result suggest there is still some life left in the economic upswing", he said. It added a recent decline in the jobless rate to a postcrisis low "likely overstates the degree of improvement" in the jobs market. During the same period, the total number of hours worked rose 2.7 %. This marked the first time in a year and a half that average hourly wages rose 2% or more on an annual basis for two consecutive months.