<\/p>\n
Data released earlier today from the Canadian economy shows the addition of approximately 67,000 jobs in October, the second-largest monthly increase after the addition of 60,000 jobs in September. This figure defied expectations, which had predicted a decline of around 5,000 jobs. Meanwhile, the unemployment rate fell to 6.9% from 7.1% in September, matching forecasts.<\/p>\n
Specifically, employment declined in several sectors, led by wholesale and retail trade with a loss of 41,000 jobs, transportation and storage with a loss of 30,000 jobs, and information, culture, and entertainment with a loss of 25,000 jobs. The construction sector also lost 15,000 jobs.<\/p>\n
Average hourly earnings rose by 3.5%, or $1.27, to $37.06 year-over-year, following a 3.3% increase in September.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Data released earlier today from the Canadian economy shows the addition of approximately 67,000 jobs in October, the second-largest monthly increase after the addition of 60,000 jobs in September. This figure defied expectations, which had predicted a decline of around 5,000 jobs. Meanwhile, the unemployment rate fell to 6.9% from 7.1% in September, matching forecasts. […]<\/p>\n","protected":false},"author":1,"featured_media":8174,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n