Canadian employment rose in September for a 10th straight month and workers' wages increased at their fastest pace in over 17 months. The country's jobless remain unchanged from the previous month, sitting at a post-crisis low.
The Canadian economy added a net 10,000 jobs in September on a seasonally-adjusted basis, Statistics Canada said Friday, as an outsized gain in full-time employment was offset by a steep decline in part-time work. September's increase was just below the consensus call for a 12,000 advance, according to economists at Royal Bank of Canada.
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On a year-over-year basis, Canadian employment increased 319,700, or 1.8%, with nearly all of the new jobs created over the past 12 months of the full-time variety, which tend to offer higher pay and steady benefits.
The unemployment rate in September stood at 6.2%, matching market expectations and a low last reached in October, 2008. When using U.S. Labor Department methodology, Canada's jobless rate in September was 5.1%.
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(END) Dow Jones Newswires
October 06, 2017 08:45 ET (12:45 GMT)