Statistics Canada to release September jobs report today

By The Canadian Press

OTTAWA — Statistics Canada is expected to release its September labour force survey today.

The Canadian economy has posted three consecutive months of job losses, as signs of an economic slowdown begin to appear. 

RBC is forecasting the economy added 15,000 jobs in September, as seasonal distortions in the labour market fade. 

The unemployment rate in August was 5.4 per cent, up from a record-low of 4.9 per cent the month prior. 

Average hourly wages were up 5.4 per cent in August compared with a year ago. 

The Bank of Canada is raising interest rates to bring demand in the economy in line with supply, which has been partly hampered by ongoing labour shortages. 

This report by The Canadian Press was first published Oct. 7, 2022. 

The Canadian Press

Top Stories

Top Stories

Most Watched Today