CANADA SEPTEMBER UNEMPLOYMENT DATA ANALYSIS #finsubito agevolazioni

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The unemployment rate in Canada decreased to 6.50% in September from 6.60% in August 2024, defying market expectations of an increase to 6.7%. This was the first decline in the unemployment rate since January.
The unemployed population fell by 30,800 from the previous month to 1,428,100, particularly due to a decline in unemployment for the youth (-1 pp to 13.5%).

Employment rose by 47,000 (+0.2%) in September, following four consecutive months of little change, while the employment rate declined 0.1 percentage points to 60.7%.
Full-time employment rose by 112,000 (+0.7%) in September, the largest gain since May 2022.
Total hours worked fell 0.4% in September but were up 1.2% compared with 12 months earlier.
Average hourly wages among employees increased 4.6% (+$1.58 to $35.59) on a year-over-year basis in September, following growth of 5.0% in August (not seasonally adjusted).
In the meantime, the participation rate fell 0.2 percentage points to 64.9%, the third decline in four months.
 

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