Canadian economy lost 1,800 jobs in October, unemployment rate steady at 5.5%

Windsor's jobless rate sees increase for the month of October

At 10:22 a.m. (1522 GMT), the Canadian dollar was trading 0.4% lower at 1.3222 to the greenback, or 75.63 US cents.

Statistics Canada said overall employment in Victoria increased by 3,500 positions.

The unemployment rate was 5.5 percent in October, unchanged from September and in line with economist estimates.

"In the big three categories of job growth, wages and unemployment, B.C. performed exceptionally well in the month of October".

"On details, the mix of full-time and part-time jobs changes was poor", House said.

According to Stats Canada, October's rate was at 5.9 percent, an increase of over a point compared this time previous year, with the rate at 4.8 percent.

Colts rule out Brissett, elevate QB Kelly to 53-man roster
In get to make room for Kelly on the 53-person roster, the Colts waived vast receiver Deon Cain and defensive tackle Kyle Peko. Indianapolis elevated Chad Kelly from the practice squad to the 53-man roster to serve as Hoyer's backup.

Following the lackluster Canadian jobs report and housing data the probability that a Bank of Canada interest rate cut will be delivered at the central bank's next meeting jumped to 21.7%, which is noticeably from a 14.8% reading the day prior, according to overnight swaps pricing.

The bright spot in the data is that average hourly wages rose 4.4 per cent, but CIBC economist Royce Mendes has reservations.

The province saw notable losses in health care and social assistance (-15,200 jobs), manufacturing (-8,300 jobs), natural resources (-9,800 jobs) and construction (-4,400 jobs).

One of the industry sectors that slipped in October was professional services, where employment contracted by 2,000.

On a year-over-year basis, employment was up by 443,000, an increase of 2.4 per cent. The national rate also held steady at 5.5 per cent.

The number of self-employed workers decreased by 28,000, while the public sector added 29,000 jobs, continuing an upward trend that started in January.

Related News:



Most liked

Alibaba Heading for Hong Kong Share Sale This Month
The listing would be a big deal for the Hong Kong stock exchange, which could use the boost of a high profile listing. Having said that, it is decreased than the $20 billion it experienced aimed to raise in the beginning.

GOP Rep. Says Trump Asking Ukraine To Investigate Biden Was 'Inappropriate'
The Constitution is very clear. treason, bribery or acts of omission. "The president is going to get that", Swalwell said . Speier argued that having Hunter Biden testify would also be "irrelevant" because he "is unrelated to the Ukraine call".

Arsene Wenger Predicts Winner Of Liverpool vs Man City
Liverpool took a firm grip on the game with two goals in the opening 13 minutes but there was controversy over the first. I don't really care - we want to win. "We'll see where we are after Christmas and the busy period coming up".

Neil Jones confirms he will make a comeback to Strictly tonight
My dad's going to take up ballroom dancing and my mum has started Zumba - I want to thank all my family and the judges. Although her vote was not needed, Head Judge Shirley Ballas would have also chosen to save Michelle and Giovanni.

Laurel Griggs, Broadway and ‘SNL’ Actress, Dies at 13
Laurel Griggs essayed the role named Ivanka in the musical titled Once along with actor Steve Kazee . "We are saddened to share that Laurel Griggs passed away this week at the age of 13", they wrote .

$20 billion spent within first hour of Singles' Day
NZ Post completes well over half of these deliveries with more than 78 million parcels delivered past year . This time previous year , NZ Post was delivering an average of nearly three parcels a second.

Haley Offended When Tillerson, Kelly Tried to Get Her to 'Undermine' Trump
Mr Tillerson, she added, told her people would die if the president were not restrained. Speaking with CBS News' Norah O'Donnell, Haley backed up Trump's attacks on Reps.

Chelsea fans praise Reece James after superb first start in Palace win
He had an injury early season but he has got fit and has been training at a level where he deserved minutes and he did brilliantly ".

Maharashtra Governor invites BJP to indicate willingness to form government in state
The Shiv Sena has shifted most of its 56 MLAs to a hotel in suburban Malad, apparently to guard them against "poaching" attempts. Devendra Fadnavis has maintained that no "50-50 formula" had been agreed to.

Near Record Cold Wednesday
Additional lake effect totals will be significant in Berrien and Cass counties by late Tuesday/early Wednesday. At this time, generally a coating to an inch of snowfall is expected during the day on Tuesday, Nov. 12 .

Iran oil: New field with 53bn barrels found - Rouhani
They were imposed after the United States pulled out of a nuclear deal with world powers previous year . Oil reserves refer to crude that is economically feasible to extract.

Lions' Stafford ruled out vs. Bears
He had been listed as questionable on the injury report and was practicing through the week while hoping to play through the pain. Got to the stadium this morning, met with the doctors and wasn't medically cleared to play today so he's deactivated.

10,000 veterans march past the Cenotaph — Remembrance Sunday
William and Harry will follow their father in laying wreaths, while their wives will also watch the ceremony from balconies. The service was attended by the Queen , Prince Charles, the Duchess of Cambridge , the Duchess of Sussex and other royals.

Crikey, Mercury Is Going to Transit the Sun
Attending a viewing party at a local museum or an astronomy club event is suggested since looking directly at the sun is harmful. Transits occur when planets come between us and the Sun, meaning that only two planets can transit: Venus and Mercury.

Emilia Clarke believes new film Last Christmas is anti-Brexit
It's playing at the Fairchild Cinemas Pasco and Queensgate 12s, at the AMC Classic Kennewick 12 and at Walla Walla Grand Cinemas. If you've been paying just a smidge of attention thus far in the film, you'll see the big twist as one big eye-roll of a reveal.