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Statistics Canada to release October jobs report

THE CANADIAN PRESS | posted Friday, Nov 6th, 2020

OTTAWA — Statistics Canada will say this morning how the country’s job market fared in October, with experts expecting the pace of gains to slow from September.

Job growth in Canada accelerated rather than slowed down in September, as the economy added 378,000 jobs coming out of the summer.

That brought overall employment to within 720,000 of pre-pandemic levels, or about three-quarters of the three million jobs lost at the outset of the pandemic in Canada.

The gains also dropped the unemployment rate to nine per cent.

The country is expected to get a little closer to recouping the losses with the figures for October.

Financial data firm Refinitiv says the average economist estimate is for a gain of 100,000 jobs in October and an unemployment rate of 8.8 per cent.

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