Economy adds 64K jobs in September, unemployment rate holds steady at 5.5% – constructconnect.com – Daily Commercial News ...Middle East

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Economy adds 64K jobs in September, unemployment rate holds steady at 5.5% – constructconnect.com – Daily Commercial News
OTTAWA — The Canadian economy added 64,000 jobs last month as the country’s population continues to rapidly grow. Statistics Canada released its September labour force survey recently, which shows the unemployment rate continued to hold steady at 5.5 per cent for the third month in a row. Canada’s labour market has cooled over the last year as interest rates have risen, but the unemployment rate remains below pre-pandemic levels. The unemployment rate averaged 5.7 per cent in 2019, the year before COVID-19 upended economic trends. Strong population growth has also been supporting larger monthly job gains, as more people enter the labour force. The job gains last month were concentrated in

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