Canada adds more jobs than expectedStaff Writer | November 3, 2017
The Canadian economy added more jobs than expected in October on gains in full-time employment, but the jobless rate edged up to 6.3 percent as more people looked for work, data from Statistics Canada showed.
Jobs Employment rose by 308,100 in Canada
Average hourly wages were up 2.4 percent from a year earlier, the strongest annual increase since April 2016, in a sign labor market slack might be tightening.
Employment in the construction and manufacturing increased by 18,400 and 7,800 jobs respectively but slumped in the wholesale and retail trade sector, which shed 35,900 positions.
On a year-over-year basis, employment rose by 308,100, or 1.7 percent.
The six-month average for employment growth was 29,700 jobs, up from 24,300 in September. ■