Labour Market Records Gains After
Slow Start to the Second Half of the Year
Labour market grows after three months of contraction. Canada added 21,000 jobs in September, a positive sign given the lackluster performance to begin the second half of the year. While these gains only slightly offset the 113,000 positions lost between June and August, the economy has still added roughly 172,000 employees through the first nine months of 2022. Additionally, the unemployment rate sits at 5.2 per cent, 50 basis points below the level seen in February 2020. Gains in September were driven by the public sector, specifically the educational services and healthcare segments. At the other end o the spectrum, industrial-related employment in the warehousing and transportation sector, as well as the manufacturing industry, saw the largest declines throughout the month.