10,000 Canadian jobs were added in September

October 9th, 2017  |  Canadian Business

The month of September saw 10,000 jobs added to the Canadian economy, pretty on par with that economist were expecting. Statistics Canada also reported on Friday that the unemployment rate has held steady at 6.2%, an almost 9 year low dating back to October 2008.

September marked the 10th month in a row that the Canadian economy has added jobs, making it the longest job positive streak since 2009.

Ontario experienced a notable increase of 35,000 jobs, while other provinces added a few thousand here and there. Alberta, Quebec, and British Columbia all saw job declines of 7,800, 7,600, and 6,700 respectively.

The number of added jobs came from an upsurge of full-time work, while the number of part-time jobs decreased. In September, 112,000 full-time jobs were added across the country, while 102,000 part-time positions were lost.

While the number of 10,000 added jobs may not seem overly headline-worthy, Bank of Montreal economist Doug Porter was quick to point out that the gain in full-time work was the highest it has been in nearly 40 years. He also noted that hourly wages rose at 2.2% annual pace, the fastest since the spring of 2016.

"Make no mistake, this is a strong report despite the somewhat sub-par headline job gain," said Porter. "A full-time jobs bonanza and the ongoing rebound in wages were the obvious highlights."