Property Continues to Contribute to Work Growth in Canada: StatsCan

Following months of steady job growth in Canada, there was a sizeable drop in employment in October compared to the previous month. (adsbygoogle = window.adsbygoogle || []).push({});> According to Statistics Canada, just 84,000 jobs were added in October — an increase of 0.5% — after growing by an average of 2.7% per month since May. In September, there were 378,000 jobs added, however, the unemployment rate reached 8.9% in October, marking little change from the previous month.READ: Low Immigration and High Unemployment to Curb Canadian Housing Rebound: RBC The latest labour force survey from StatsCan revealed that employment increases in several industries were partially offset by a decrease of 48,000 in the accommodation and food services industry, largely in Quebec. The industries that contributed the most to October’s growth included real estate, construction, finance, insurance, rental and leasing, and ‘other services.’ In October, the employment increase was concentrated in full-time work which saw a 69,000 job increase. But the number of people working part-time was unchanged

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Property Continues to Contribute to Work Growth in Canada: StatsCan

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Property Continues to Contribute to Work Growth in Canada: StatsCan

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