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Statistics Canada set to release job numbers for September – National

Statistics Canada is anticipated to launch its September labour pressure survey Friday.

The Canadian economic system has posted three consecutive months of job losses, as indicators of an financial slowdown start to seem.

RBC is forecasting the economic system added 15,000 jobs in September, as seasonal distortions within the labour market fade.

The unemployment charge in August was 5.4 per cent, up from a record-low of 4.9 per cent the month prior.

Common hourly wages had been up 5.4 per cent in August in contrast with a yr in the past.

The Financial institution of Canada is elevating rates of interest to convey demand within the economic system in keeping with provide, which has been partly hampered by ongoing labour shortages.

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Click to play video: 'Bank of Canada Governor Tiff Macklem speaks on inflation, rising interest rates'







Financial institution of Canada Governor Tiff Macklem speaks on inflation, rising rates of interest


Financial institution of Canada Governor Tiff Macklem speaks on inflation, rising rates of interest

© 2022 The Canadian Press

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