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A labour force survey released today shows that 74,000 more Canadians held jobs in September than in August.
The Statistics Canada survey says the unemployment rate is the lowest it’s been since December 2008, resting at 6.8 per cent. Most of these jobs are either in the private sector or the food services industry, and Statistics Canada claims they are “nearly all in full-time work.”
Education services was the only industry to see a decline in overall employment.
Youth between the ages of 15 and 24 don’t have much to cheer about. While the survey shows that youth unemployment has increased by 43,000, it didn’t change the unemployment rate as a whole. It remains at 13.5 per cent., a 0.1 percentage point increase from the previous month.
The unemployment rate for Ontario fell by 0.3 percentage points to 7.1 per cent, which is the lowest it has been since Oct. 2008.