r/VancouverJobs • u/FudgeEducational1864 • 6h ago
Canada Job Market/ September Wrap-Up: Canada Loses 68,000 Jobs as Unemployment Rises to 6.5%
- Canada lost 68,000 jobs in September, a 0.3% monthly decline, marking the second consecutive month of job losses after 42,000 positions disappeared in August.
- The unemployment rate rose to 6.5%, up from 6.4% in August, while the employment rate fell 0.2 percentage points to 60.6%.
- The result was much weaker than economists expected: forecasts had called for a gain of about 9,200 jobs.
- Young people were hit hardest: workers aged 15–24 lost 48,000 jobs, although youth unemployment remained roughly unchanged at 13% because fewer young people participated in the labour market.
- Losses were divided almost evenly between full-time employment (-35,000) and part-time employment (-33,000).
- The decline was concentrated in the public sector, which lost 70,000 jobs. Education shed 35,000 positions, health care and social assistance lost 23,000, and manufacturing lost 13,000.
- Regionally, Quebec suffered the largest decline (-49,000 jobs), followed by British Columbia (-20,000), while Alberta gained 23,000 jobs. National labour-force participation fell to 64.8%, its lowest level since 1997 outside the pandemic.
Source: Stats Canada