Open Demo Account
Home / Market Update / Canada: Unemployment Rate Edges Lower to 8.9% in October

Canada: Unemployment Rate Edges Lower to 8.9% in October

Adel 6 November, 2020 5:41 pm Market Update

Net Change in Employment in Canada rose by 83,600 in October, compared to analysts’ estimate of 100,000, and brought the Unemployment Rate down to 8.9% from 9% in September, Statistics Canada reported on Friday. This reading missed the market expectation of 8.8% by a small margin.

Further details of the publication revealed that the Participation Rate improved to 65.2% from 65%.

Tags

Check Also

Australian Inflation Rises, Complicating RBA Outlook

Headline takeaways CPI +1.3% q/q (vs. 1.1% cons., 0.7% prior); +3.2% y/y (vs. 3.0% cons., …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends