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The net gain was surprisingly strong given the anecdotal evidence and survey data that point to ongoing labor shortages. The reopening of Canada's border and the federal election were expected to lead to a boost in
Canada's Employment Levels Are Back
Summary
- September was another hot month for job creation, as net employment leapt by a jaw-dropping 157,100 positions and the unemployment rate dipped 0.2 percentage point to 6.9%.
- The bulk of the net job gains were in services, with solid gains across most industries. Goods employment advanced only 14,700. Full-time positions solidly expanded by 193,600 while part-time positions were cut by 36,500 positions. The number of self-employed workers trended lower with a 19,300 reduction. The total job gain was about evenly split between the broad private sector and the public sector.
- The labor force participation rate popped up 0.4 percentage point to 65.5%, returning to the pre-pandemic level.
- The robust increase in employment and the 1.1% jump in total hours worked from the previous month suggest that the economy continues to forge ahead.
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