Canada: Employment rose by 63,000 in September, unemployment rate declined 0.1% to 5.9%.

Eren Sengezer FXStreet

"Employment rose by 63,000 in September, driven by an increase in part-time employment. The unemployment rate declined 0.1 percentage points to 5.9%," Statistics Canada reported on Friday.

Key highlights

Compared with September 2017, employment was up 222,000 or 1.2%, entirely the result of gains in full-time work (+224,000).
Over the same period, total hours worked increased 0.7%.
Employment rose by 96,000 among private sector employees in September, the first increase since November 2017.
The number of self-employed workers fell by 35,000 in the month.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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