Canada’s job market remains resilient, adding 64,000 jobs

October 12, 2023

The Canadian economy remained resilient in September, adding 64,000 jobs as the unemployment rate was unchanged at 5.5%, according to data released Friday by Statistics Canada.

There were two reasons that the unemployment rate stayed the same despite the job gains: population growth and a slowdown in hiring.

The increase in jobs was offset by the number of people entering the workforce, primarily through immigration. This was reflected in the rise in part-time employment; newcomers might not find full-time work right away.

Source: The Real Economy Blog