Canada Posts Surprise Jump in Job Gains in September, Unemployment Rate Unchanged
Canada's economy posted a surprise 60,400 net job gains in September, almost entirely reversing the losses of the previous month, data showed on Friday, but it was not enough to bring down its multi-year high unemployment rate.
The jobless rate was at 7.1%, same as the prior month when the rate hit a nine-year high outside of the pandemic years.
Analysts polled by Reuters had forecast job gains of 5,000 and the unemployment rate to edge up to 7.2%, Statistics Canada said.
Canada's employment gains this...
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