Statistics Canada to Unveil September job numbers, expected to show slower gains.

Statistics Canada to unveil September job numbers, expected to show slower gains

The Canadian Press Staff

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Published Friday, October 9, 2020 4:35AM EDT Last Updated Friday, October 9, 2020 8:32AM EDT

Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on Friday, March 8, 2019. (Justin Tang / THE CANADIAN PRESS)

OTTAWA — Statistics Canada will report this morning how well the country’s job market fared in September.

After seeing a historic drop of some three million jobs over March and April at the height of the COVID-19 pandemic, the economy has since recovered almost two-thirds of what was lost.

Expectations are for a gain in September, but at a slower pace than previous months.

Financial data firm Refinitiv says the average economist estimate is for a gain of 156,600 jobs in September and an unemployment rate of 9.7 per cent. There may also be a rebound in employment for working mothers as schools reopened, removing some of the child-care strain.

Canada’s labour market gained 240,000 jobs in August, a slowing from the 418,500 jobs gained in July, and the unemployment rate dropped to 10.2 per cent as part of a continuing slide down from the record-high 13.7 per cent in May.

Economists have noted faster gains in part-time versus full-time work, and an increasing share of part-time workers who prefer full-time work compared a year ago.

This report by The Canadian Press was first published Oct. 9, 2020.

https://www.ctvnews.ca/business/statistics-canada-to-unveil-september-job-numbers-expected-to-show-slower-gains-1.5139173