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
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.