• Home
  • Analytics
  • Market News
  • Canada shads 1,800 new jobs in October; unemployment rate stays at 5.5 percent

Market news

8 November 2019

Canada shads 1,800 new jobs in October; unemployment rate stays at 5.5 percent

Statistics Canada reported on Friday that the number of employed people reduced by 1,800 m-o-m in October, while economists had forecast a gain of 15,900 and after an unrevised climb of 53.700 in the previous month.

Meanwhile, Canada's unemployment remained unchanged at 5.5 percent in October, matching economists’ forecast.

According to the report, full-time employment decreased by 16,100 (or -0.1 percent m-o-m) in October, while part-time jobs rose by 14,300 (or +0.4 percent m-o-m).

In October, the number of public sector employees grew by 28,700 (+0.7 percent m-o-m), while the number of private sector employees declined by merely 2,700 (flat m-o-m). At the same time, the number of self-employed dropped by 27,800 (-0.9 percent m-o-m) last month.

Sector-wise, employment declined in manufacturing (-23,000 jobs) and construction (-21,000), but rose in public administration (+20,000) and in finance, insurance, real estate, rental and leasing (+18,000).

On a year-over-year basis, employment grew by 443,000 (+2.4 percent) in October, helped by gains in both full- (+338,000 or +2.2 percent) and part-time work (+104,100 or +3.0 percent).

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Forex Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
37 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2019 TeleTrade-DJ International Consulting Ltd

TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. You may change your cookie consent or view our cookie declaration here.

TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.