Canada’s unemployment rate rose to 6.7% in October as the number of people seeking work increased by 33,000, while employment was nearly unchanged, Statistics Canada (StatCan) data showed.
The rate stood 0.2 percentage point above September’s 6.5%. The number of people looking for work grew by 2.2%. The employment count was down 4,700 in October, shown as unchanged at one decimal place.
Private-sector employment fell by 53,000, while public-sector employment rose by 50,000. The employment-to-population ratio edged down 0.1 percentage point to 60.5%.
The rate increase followed employment declines in August and September. Statistics Canada reported September employment was 68,000 below August’s, a figure included in EconoTimes’ earlier coverage.
