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Canada's unemployment rate further declines

Ottawa, Oct 10 Canada's unemployment rate has further declined to 9 per cent from 10.2 per cent in ...
Canada's unemployment rate further declines

Ottawa, Oct 10 Canada's unemployment rate has further declined to 9 per cent from 10.2 per cent in August, according to official figures.

Statistics Canada said on Friday that country added 378,000 jobs in September, an increase of 2.1 per cent, a result that greatly exceeded expectations, reports Xinhua news agency.

There were 1.8 million unemployed Canad in September, continuing the four-month downward trend from the record-high of 2.6 million in May.

The unemployment rate jumped to a record high of 13.7 per cent in May from 5.6 per cent in February due to the coronavirus-induced economic shutdown.

Most of the employment increase in September was in full-time work, which raised 334,000 jobs based on the addition of 206,000 jobs in August.

The number of Canad who were employed but worked less than half their usual hours for reasons likely related to Covid-19 fell by 108,000, or down 7.1 per cent, in September.

Among Canad who worked most of their usual hours, the proportion working from home edged down from 26.4 per cent in August to 25.6 per cent in September.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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