Overview
- Statistics Canada reported a net gain of 66,600 positions, outpacing forecasts for a 2,500 decline and a 7.1% jobless rate.
- All October growth came from about 85,000 part-time hires as full-time employment fell by 18,500.
- Hiring was concentrated in the private sector, led by retail and wholesale adding roughly 40,700 jobs and supported by transportation and warehousing.
- Youth unemployment eased to 14.1%, marking the first monthly improvement since February.
- The increase helps recoup most losses from July and August, with city-level jobless rates published as three-month averages that can swing on small samples.