The latest Labour Force Survey captures Canada’s labour market conditions for the week of September 10 to 16, 2023.
Statistics Canada noted that the upward trend in employment continues as Canada experiences its highest rate of population growth since 1957. The Canadian population aged 15 and older increased by about 82,000 in September.
The employment gains were more than triple what analysts surveyed by Reuters had forecast. Experts had predicted that a net 20,000 jobs would be gained in September and the unemployment rate would edge up to 5.6 percent.
In addition to the new jobs, average hourly wage for permanent employees rose 5.3 percent from September 2022.