Canada adds jobs in September, unemployment rate dips
Stefan Baumgarten
09-Oct-2020
TORONTO (ICIS)–Canada’s economy continued to add jobs in September as most businesses and workplaces have re-opened following the coronavirus-related restrictions and shutdowns.
Canada added 378,200 jobs in September.
The unemployment rate fell 1.2 percentage points from August to 9.0% in September – but remains above the 5.6% from February, the month before the pandemic struck, according to the latest data by federal agency Statistics Canada on Friday.
In manufacturing, employment rose 4.1% month on month and was almost back at its February level.
Canada employment, September 2020:
(‘000) | +/- from August 2020 | +/- from September 2019 | |
Total employed | 18,469.9 | +2.1% | -3.6% |
Natural resources | 298.8 | 0.3% | -6.8% |
Construction | 1,369.4 | flat | -7.4% |
Manufacturing | 1,724.7 | 4.1% | -0.9% |
Services sector | 14,661.2 | +2.1% | -3.5 |
For comparison, the US unemployment rate fell 8.4% in August to 7.9% in September.
Meanwhile, however, Canada and other countries are facing the virus’ second wave, and authorities have begun re-imposing some restrictions, in particular in Quebec province.
Please also visit the ICIS topic pages on coronavirus impacts and the oil price crash, and the recession.
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