(Pixabay photo)

(Pixabay photo)

Canadian economy lost 1,800 jobs in October, unemployment rate steadies

Job losses follow gains of 54,000 jobs in September and 81,000 in August

The number of people working in Canada edged lower in October as the manufacturing and construction sectors lost jobs, while the unemployment rate held steady at 5.5 per cent.

Statistics Canada said Friday the economy lost 1,800 jobs in October, following gains of 54,000 jobs in September and 81,000 in August.

The number of full-time jobs fell by 16,100, offset in part by a gain of 14,300 part-time jobs.

Economists on average expected the economy to add a total of 15,900 jobs and an unemployment rate of 5.5 per cent, according to financial markets data firm Refinitiv.

The manufacturing sector lost 23,000 jobs, mostly in Ontario, while the construction sector lost 21,000. Employment in the “other services” industry also fell by 18,000.

The losses were offset in part by an increase of 20,000 jobs working in public administration and 18,000 in finance, insurance, real estate, rental and leasing.

The jobs report comes after the Bank of Canada’s decision late last month to keep its key interest rate on hold at 1.75 per cent.

In making its decision, the central bank said inflation was on target and the domestic economy has held up well in many respects, even though it’s feeling the negative effects of slowing global growth.

Despite the small decline in the number of jobs, wage growth in October held steady. Average hourly wage growth, year-over-year, for all employees was 4.3 per cent for the month, the same as September.

The number of self-employed workers in October fell by 27,800, while public sector employees rose by 28,700. The number of private sector employees fell by 2,700.

Regionally, B.C. added 15,000 jobs, while Newfoundland and Labrador added 2,700 jobs.

On a year-over-year basis, employment was up by 443,000, an increase of 2.4 per cent.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Big Brothers Big Sisters of Williams Lake’s Robert Webster, who helps operate the organization’s Parking Lot Clothing Drive, and Angela Kadar, executive director, collect clothing at BBBSWL’s new, permanent cargo trailer location at the Williams Lake Stampede Grounds infield. BBBSWL will be at the infield parking lot from noon to 1 p.m. every Tuesday until the fall collecting soft goods including men’s, women’s and children’s clothing, outerwear, boots, shoes, hats, mittens, scarves, ties, socks, purses, wallets, bags, bedding, towels and jewellery. Kadar thanked the Williams Lake Stampede Association for being so accommodating and for allowing them to use the space to park the trailer. (Greg Sabatino photo - Williams Lake Tribune)
Big Brothers Big Sisters of Williams Lake Parking Lot Clothing Drive gets new, permanent location

BBBSWL will be at the Stampede infield parking lot from noon to 1 p.m. every Tuesday

Williams Lake Stampeders forward Dylan Richardson thwarts a Quesnel Kangaroos defender as he skates in for a shot on goal during the 2019/20 Central Interior Hockey League season. (Patrick Davies photo - Black Press Media)
Stampeders plan post pandemic return to ice in Williams Lake

The eight-team Central Interior Hockey League includes franchises in Quesnel and Williams Lake

Interior Health’s mobile COVID-19 vaccine clinic will be at the 150 Mile House Fire Department on Wednesday, June 23 for people to receive their first dose of the vaccine. (Monica Lamb-Yorski
Interior Health mobile COVID-19 vaccine clinic slated for 150 Mile House June 23

The clinic is for people who have not received a first dose

Drivers continue to go through rough areas on Highway 20 where repairs have been made to address areas impacted by a historical slide. (Angie Mindus photo - Williams Lake Tribune)
Highway 20, Dog Creek Road repairs won’t be completed until later this summer

Geotechnical and hydrotechnical investigation continues

Mackey Pierce stands with two of the four paintings she has in the Cariboo Art Society exhibit at the Station House Gallery. (Monica Lamb-Yorski photo - Williams Lake Tribune)
Cariboo Art Society member exhibit June show at Station House Gallery

Title ‘This and That’, the show reflects the art of 11 members

Marco Mendicino, Minister of Immigration, Refugees and Citizenship during a press conference in Ottawa on Thursday, May 13, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada to welcome 45,000 refugees this year, says immigration minister

Canada plans to increase persons admitted from 23,500 to 45,000 and expedite permanent residency applications

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Emily Steele holds up a collage of her son, 16-year-old Elijah-Iain Beauregard who was stabbed and killed in June 2019, outside of Kelowna Law Courts on June 18. (Aaron Hemens/Capital News)
Kelowna woman who fatally stabbed teen facing up to 1.5 years of jail time

Her jail sentence would be followed by an additional one to 1.5 years of supervision

Cpl. Scott MacLeod and Police Service Dog Jago. Jago was killed in the line of duty on Thursday, June 17. (RCMP)
Abbotsford police, RCMP grieve 4-year-old service dog killed in line of duty

Jago killed by armed suspect during ‘high-risk’ incident in Alberta

The George Road wildfire near Lytton, B.C., has grown to 250 hectares. (BC Wildfire Service)
B.C. drone sighting halts helicopters fighting 250 hectares of wildfire

‘If a drone collides with firefighting aircraft the consequences could be deadly,’ says BC Wildfire Service

A dose of the Pfizer-BioNTech COVID-19 vaccine is pictured at a vaccination site in Vancouver Thursday, March 11, 2021. THE CANADIAN PRESS/Jonathan Hayward
NACI advice to mix vaccines gets varied reaction from AstraZeneca double-dosers

NACI recommends an mRNA vaccine for all Canadians receiving a second dose of a COVID-19 vaccine

A aerial view shows the debris going into Quesnel Lake caused by a tailings pond breach near the town of Likely, B.C., Tuesday, Aug. 5, 2014. THE CANADIAN PRESS/Jonathan Hayward
Updated tailings code after Mount Polley an improvement: B.C. mines auditor

British Columbia’s chief auditor of mines has found changes to the province’s requirements for tailings storage facilities

A North Vancouver man was arrested Friday and three police officers were injured after a 10-person broke out at English Bay on June 19, 2021. (Youtube/Screen grab)
Man arrested, 3 police injured during 10-person brawl at Vancouver beach

The arrest was captured on video by bystanders, many of whom heckled the officers as they struggled with the handcuffed man

Most Read