Posted by: youngragingbull | October 5, 2012

Canadian Job Report

Canada’s economy added 52,000 jobs in September, but the unemployment rate ticked higher to 7.4 percent as more people looked for jobs last month.

The gain was more than the roughly 10,000 new jobs that economists polled by Bloomberg were expecting.

Statistics Canada said Friday that full-time work made up most of the gains, with a net 44,100 new positions added.

An increase in 34,000 retail jobs and 29,000 new construction workers was more than enough to offset declines in other sectors.

Provincially, Ontario and Manitoba led the way, while the jobs number declined in Saskatchewan, where 3,600 jobs were lost — the first notable drop there since November of last year.

There was little change in either direction in all other provinces and territories, Statistics Canada said.

 

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