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Canada Adds 60,400 Jobs in September, Jobless Rate Steady at 7.1%

The report becomes the Bank of Canada's final labour signal before the Oct. 29 policy decision.

Overview

  • Gains were driven by full-time positions with employment rising in 10 of 16 industries, according to Statistics Canada.
  • Manufacturing added about 27,800 jobs, marking its first monthly increase since January and the largest gain by any sector.
  • Wholesale and retail trade shed roughly 21,000 positions, partly offsetting increases in manufacturing, health care and agriculture.
  • Youth unemployment rose to 14.7%, the highest in about 15 years, underscoring growing slack in the labour market.
  • Average hourly wages for permanent employees increased 3.6% year over year to C$37.87, far outpacing forecasts that called for roughly 5,000 new jobs overall in September as monthly hiring has averaged about 24,000 this year under tariff pressures.