NewsIMTS66,600 jobs were added to Canada's economy in October, reversing previous declines and beating expert predictions. The unemployment rate fell from 7.1% to 6.9%, according to data released on 3 November. All job gains were in part-time positions (85,000 added) while full-time employment dropped by 18,500. The private sector saw its first employment rise since June. Youth unemployment decreased to 14.1% from 14.7%, marking the first decline since February. The core working age group (25-54 years) gained 38,800 jobs. Wholesale and retail sectors, which employ about 15% of Canada's workforce, added 40,700 positions. The average hourly wage for permanent employees grew by 4.0%, up from 3.6% in September. Following this positive report, the Canadian dollar strengthened against the US dollar. (Updated 8 Nov 2025, 11:04 IST; source: link)
Canada adds 66,600 jobs in October, beating expectations
Canada's economy added 66,600 jobs in October, reversing previous employment declines and exceeding what experts had predicted. This growth helped lower the unemployment rate from 7.1% to 6.9%, according to data released on November 3. The improvement came entirely from part-time positions, which increased by 85,000, while full-time jobs decreased by 18,500. This marks the first employment rise in the private sector since June, showing signs of recovery in the job market. This note explains what it means for students, when the process starts, how to check updates, and what to do next in simple steps.
Retail sector leads job growth as youth unemployment falls
The wholesale and retail sectors were major contributors to October's job growth, adding 40,700 positions. These sectors employ about 15% of Canada's total workforce. Youth unemployment showed improvement, dropping from 14.7% to 14.1%, the first decline since February. Workers aged 25-54 gained 38,800 jobs during the month. Wages also improved, with average hourly pay for permanent employees growing by 4.0%, up from 3.6% in September. Following this positive employment report, the Canadian dollar strengthened against the US dollar. This note explains what it means for students, when the process starts, how to check updates, and what to do next in simple steps.
Key Points
- 66,600 jobs were added to Canada's economy in October, reversing previous declines and beating expert predictions.
- The unemployment rate fell from 7.1% to 6.9%, according to data released on 3 November.
- All job gains were in part-time positions (85,000 added) while full-time employment dropped by 18,500.