Canada's unemployment rate rose 0.2 percentage points in October to 5.7 per cent, marking a fourth monthly increase in the past six months, the government statistical agency said Friday.
Since April, the rate has increased by a total of 0.7 percentage points, after holding steady at a near record-low from December 2022 to April 2023.
Some 18,000 new jobs were created in October, said Statistics Canada — not enough to keep pace with soaring population growth (up 85,000) and slightly below analysts' forecast of 25,000 new jobs.
Employment gains in construction (+23,000) and information, culture and recreation (+21,000) were partially offset by decreases in wholesale and retail trade (-22,000) and manufacturing (-19,000), the agency said.
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