Canada unexpectedly lost 15,900 jobs in October; Unemployment rate steady at 5.5%

89
DM

Article Link: https://torontosun.com/business/money-news/canada-unexpectedly-lost-15900-jobs-in-october-unemployment-rate-steady-at-5-5/wcm/d8849f67-77aa-4323-9039-e4067eaddce7

Discussion posted by: IRWeasel

OTTAWA — The Canadian job market stagnated unexpectedly in October, losing 1,800 net positions, while the unemployment rate remained at 5.5%, Statistics Canada said on Friday, as employment declined in the manufacturing and construction sectors. Analysts in a Reuters poll had forecast a gain of 15,900 jobs in October and an unemployment rate of 5.5%. Wages for permanent employees rose by 4.4%, Statscan said.