Canada's Unemployment Rate Rises to 6.5% in September
In September, Canada’s unemployment rate increased slightly to 6.5%, up from 6.4% the previous month and matching market expectations. This rise follows a second consecutive monthly decline in employment by 68,000 jobs, indicating ongoing weakness in the labor market. The drop in employment continued for two months, raising concerns about economic momentum ahead of potential policy decisions by central banks. The employment rate also fell by 0.2 percentage points during this period, further highlighting challenges within Canada’s job market.
Topics: labor market unemployment