Manitoba posts lowest unemployment rate in country
OTTAWA — There were 3,000 additional people employed across the country in October, Statistics Canada reported Friday, but the gain was well below what most analysts had expected for the month.
Still, the unemployment rate edged down to 7.9 per cent from eight per cent in September.
Economists were expecting job gains of 15,000 and the jobless rate to stay at eight per cent, coming off a loss of 6,600 jobs in September.
With changes of less than 10,000 positions, Statistics Canada considered the overall employment figures "virtually unchanged" for the second month in a row.
On October`s monthly fluctuations, Douglas Porter, deputy chief economist with BMO Capital Markets, said that "while the headline was sluggish, almost all of the details were upbeat."
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