Unemployment rate way up in Kamloops

Canada adds 35000 jobs in October, as full-time positions surge

The Canadian economy added more jobs than expected in October as wages posted their biggest gain in 18 months, a sign that labor market slack could be tightening despite strong employment growth over the past year.

According to Statistics Canada, the three month unemployment average ending in October has shot up from the same period past year (August, September, and October).

Canada's economy added 35,300 jobs in October on gains in full-time employment, Statistics Canada said on Friday.

The workforce grew by 4,700 people between September and October, as 1,000 jobs were lost.

"Growth indicators for Canada have been decelerating, but you wouldn't know it looking at the labor market, where employers are still beefing up their workforce", Avery Shenfeld, chief economist at Canadian Imperial Bank of Commerce, said in a note to investors. That's the biggest two-month gain in records going back to 1976.

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The brand saw growth of 1 percent, exceeding forecasts of a 0.7 percent decline in the third quarter. Like President Donald Trump, Cowboys owner Jerry Jones wants all players to stand for the anthem.

The job gains - which more than doubled economists' forecasts - suggest the economy may be poised to end the year with a bang. It's the highest unemployment rate recorded in the Montreal region since April.

In Saskatoon, the rate is down slightly to 7.6 per cent, while Regina's is even lower at 5.4. Employment in the goods producing sector rose by 33,900 jobs, mostly in construction.

Statscan said full-time employment jumped by 88,700 jobs while part-time positions dipped by 53,400.

The jobs figures came as Statistics Canada also reported that the country's trade deficit totalled $3.2 billion in September, essentially unchanged from the previous month which was revised to a deficit of $3.2 billion compared with an initial estimate of $3.4 billion.

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