metal exhaust pipe with white smoke
Photo by Braeson Holland on

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.

Register to read the full article.

Register for free for:

  • Access to ten free articles per month
  • Our weekly roundup of top stories
  • Monthly newsletters on topics of your choice

Subscribe for:

  • Unlimited article access each month
  • Crosswords and puzzles on Canadian holidays
  • Full newsletter access