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Canada loses 68,000 jobs
Canada lost 68,000 jobs in September, 110,000 over two months, as unemployment rose to 6.5%.
Key points
- Canada lost 68,300 jobs in September, sharply missing forecasts for a 9,200 gain.
- The unemployment rate rose to 6.5%, while both full-time and part-time employment declined.
- The services sector lost 52,300 jobs, with labor force participation falling to 64.8%.
- Annual wage growth accelerated to 2.3%.
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Original post
JUST IN: 🇨🇦 Canada loses 68,000 jobs in September as trade war with the US continues.
This is the second consecutive month of job losses, with Canada losing a total of 110,000 jobs over the past two months.
Canada's unemployment rate also jumped to 6.5%.
The ongoing trade war with the US is adding more pressure on the Canadian economy as the job market continues to weaken.
Top replies on X
Reaction on X: Replies were largely critical of Canada's position in the trade war, with several users saying it cannot win against a much larger economy and urging a return to the negotiating table. One compared the size of the forecast miss to a consultant's error, and another made a joking reference to Donald Trump.
Sign in to see 5 top replies from X
From @NullExpectancy, @mdmadeit, @NicholasMertenK and others. Spam removed, with English and Chinese translations.
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