Ottawa — According to Statistics Canada, the economy added 157,000 jobs in September, returning to pre-pandemic levels for the first time.
The unemployment rate fell from 7.1% in August to 6.9%.
According to Statistics Canada, the unemployment rate in September dropped from 9.1% in August to 8.9% if it was included in the calculation of Canadians who wanted to work but didn’t look for a job. That is.
Canada’s last experience of such a large increase in employment was in June 2021, when the economy added 231,000 jobs.
According to the Bureau of Statistics, the increase in work was widespread, but concentrated on full-time work, evenly divided between the public and private sectors. Even in an industry where many workers continue to work remotely, the profits were significant.
Still, the rank of long-term unemployed, who have been unemployed for more than six months, remained almost unchanged last month, double the number recorded in February 2020.
Leah Knoll, senior director of labor strategy at the Canadian Chamber of Commerce, said the fact that nearly 400,000 Canadians were unemployed for a long time, especially with data explaining why they couldn’t rejoin. If not, it states that the celebration needs to be suspended. Labor force for several months.
“Canadians want to work. Most aren’t unemployed by choice, so you need to dig deeper into what’s blocking them so you can make evidence-based decisions. There is, “she said in a statement.
“Our full economic recovery depends on it.”
Retail employment also fell by 20,000 in September, bringing employment in this sector to the February 2020 level of 71,000, or 3.1 percent. Statistics Canada says employment in the industry has been around the same level since June, despite deregulation across Canada.
A similar story is that the accommodation and food services sector was hit hard by the first decline in five months as 27,000 jobs were lost after gaining 211,000 positions between May and August. It was deployed in.
The Statistics Bureau also notes that employment rates are slightly below pre-pandemic figures. This reflects the fact that employment growth over the last 19 months has not matched population growth.
CIBC senior economist Royce Mendes said this month’s headline numbers are likely to seal transactions later this month for banks to further slow down their bond-buying programs.
He added that there are still ways to go to completely heal the labor market.
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