Statistics Canada to release September jobs report today



Statistics Canada is anticipated to launch its September labour power survey immediately.

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

Common hourly wages have 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 carry demand within the economic system according to provide, which has been partly hampered by ongoing labour shortages.

This report by The Canadian Press was first printed Oct. 7, 2022.


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