Jobs surged in September, clouding the outlook for the Bank of Canada as it weighs whether more interest rate hikes are needed. Read more
Most of the gains were in part-time work, said the national data agency, with part-time jobs rising by 48,000 or 1.3 per cent.
Statistics Canada said in its release that the economy would need to generate 50,000 new jobs each month to keep up with soaring population growth and maintain the current employment rate. “Not all of the details in the report matched the top-line strength. Hours worked edged down slightly, in part because job gains tilted part-time. Meanwhile, the seasonally volatile education industry was the key driver of the overall increase, while cyclical bellwethers like construction and wholesale and retail trade both dipped.
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