Part-time job gains drive up September job numbers

Part-time job gains drive up September job numbers

The economy added a net 63,300 jobs in September on a seasonally adjusted basis, Statistics Canada said Friday. Analysts in a Reuters poll had forecast a gain of 25,000 positions.

Stats Canada says September's gains were seen nearly entirely in Ontario and British Columbia, largely in construction, with little change in the other provinces. Market expectations were for an increase of 25,000. The move into surplus was due to a 2.5 per cent drop in imports.

The number of people participating in the labour force, which includes those both working and looking for work is now 106,600, up from 104,500 in September 2017. Thomas jobless rate fell to 5.2 per cent in September, even with the month before.

Men gained 34,000 of those jobs, while women saw increases of 20,000 positions, and a large chunk of the job gains were in construction. Retail and wholesale services employment grew to 31,500 last month, from 26,500 a year ago.

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Around 13,000 jobs were added in finance, insurance, real estate and rental and leasing, mostly in Ontario and Alberta.

"The monthly gyrations in Canadian jobs data can make it tough to draw many firm conclusions on the true health of the economy, but the underlying picture looks reasonably solid", said BMO Financial Group chief economist Douglas Porter. This would contribute to the uptick in the jobless rate, as the number of people working is up from 96,300 this time past year to 97,900.

Statistics Canada also released third quarter employment numbers for the territories, reporting gains of 500 and 900 jobs in Nunavut and the Northwest Territories respectively while 400 job losses were recorded in Yukon.

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