Canada’s unemployment rate has dropped again to close to a forty-year low as the economy added more positions than expected by analysts. The monthly labor force survey from Statistics Canada reported the country added close to 54,000 new positions in September, and most of the jobs were full-time. These numbers caused the unemployment rate in the country to drop by another 0.2 percent to 5.5 percent. The job growth was mainly focused on the public sector and self-employed workers. If you are considering relocating for a better job opportunity, submit your resume to Jobs Across the World. Their team of experts will match your skillset with the perfect position you deserve. It doesn’t matter where you are located.
job growth has been very strong
Comparing the data to one year ago, Canada added 456,000 new jobs, a jump of 2.4 percent. Added to the high numbers, average hourly wages were up by 4.3 percent in the past year. A senior economist with RBC Economics, said, “Canada’s labor market has really been on a tear over the last year; job growth has been very strong.” He said unemployment has been low, and wages are picking back up. Strong wages were what was missing from a pretty strong labor market last year. With the labor market remaining strong, Canada’s dollar increased after the report, rising to $1.3227 against its US counterpart. Contact Jobs Across the World for the perfect job opportunity you deserve. It doesn’t matter where the company or you are located. All international resumes are welcome.