Economy / Jobs & Wages
Canada unemployment rate rises to 6.7% as employment holds steady
Canada’s unemployment rate rose 0.2 percentage points to 6.7% in October, while employment was little changed, Statistics Canada reported Friday.
Status: source-checked.
Canada’s unemployment rate rose 0.2 percentage points to 6.7% in October, while employment was little changed, Statistics Canada reported Friday.
Employment declined by an estimated 4,700, a change the agency described as essentially flat. The employment rate slipped 0.1 percentage points to 60.5%.
The youth unemployment rate rose 0.7 percentage points to 13.7%. Average hourly wages increased 2.2% from a year earlier to 37.89 Canadian dollars; the wage comparison is not seasonally adjusted.
The survey reflects conditions during Oct. 11-17. Monthly survey estimates should not be treated as a census of every job.
What we know / what we don't
What we know
- Canada’s unemployment rate rose 0.2 percentage points to 6.7% in October, while employment was little changed, Statistics Canada reported Friday.
What we don't know
- Estimates may be revised. Issuer statements are attributed, not independently corroborated.
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