Canada's employment rises in October
Nov 05, 2022
Ottawa [Canada], November 5: Canada's employment rose by 108,000, or 0.6 percent, in October, recouping losses observed from May to September while the unemployment rate held steady at 5.2 percent, Statistics Canada said Friday.
Employment rose in several industries, led by manufacturing, construction, and accommodation and food services. At the same time, it fell in wholesale and retail trade, as well as in natural resources, the national statistical agency said.
According to the agency, year-over-year growth in the average hourly wages of employees remained above 5 percent for a fifth consecutive month in October, rising 5.6 percent to 31.94 Canadian dollars (25.55 U.S. dollars) compared with October 2021.
In October, in the context of concerns over the cost of living, more than one-third of Canadians aged 15 years and older lived in a household finding it difficult or very difficult to meet its financial needs, or to pay for transportation, housing, food, clothing and other necessary expenses, up from one in five in October 2020, said Statistics Canada.
Source: Xinhua
