Canadian Employment Trekked Higher and Unemployment Declined to 6.5% in September

Posted on October 13, 2024

Statistics Canada (StatsCan) on Friday (10-11-24), reported that Canadian employment rose by 0.2% or 47,000 positions in September, following 4 consecutive months of little change.

In September job growth was widespread with increases in employment being reported in:

  • Information, culture, and recreation employment – increasing 2.6% or 22,000 jobs.
  • Wholesale and retail trade added 22,000 jobs or up 0.8%.
  • Professional, scientific, and technical services positions increased by 1.1% or 21,000 positions.

StatsCan is reporting that despite the employment gain, the employment rate—the proportion of the population aged 15 and older who is employed—fell 0.1 percentage points to 60.7% in September.

The unemployment rate fell 0.1 percentage points to 6.5% in September, following an increase of 0.2 percentage points in August. This was the first decline in the unemployment rate since January.

The decline in the overall unemployment rate was driven by youth aged 15 to 24, whose unemployment rate fell 1.0 percentage points to 13.5% in September.

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