WRAPUP 1-Canada job market shows unexpected strength, wage growth firms


As for which sectors were hardest hit, Ferrao says he only has stats for the Thompson-Okanagan region where the unemployment rate rose from 6.9 per cent to 8 per cent this year.

Statscan said full-time employment jumped by 88,700 jobs while part-time positions dipped by 53,400.

That's one per cent less than where it was in October 2016.

Canada added 35,300 jobs in October from September to a total of nearly 18.5 million jobs as gains in full-time work offset a loss of part-time jobs, according to seasonally adjusted numbers released today by Statistics Canada.

The Canadian economy added more jobs than expected in October as wages posted their biggest gain in 18 months, a sign that labor market slack could be tightening despite strong employment growth over the past year.

However, offsetting the jobs report, Statistics Canada also reported a $3.2-billion trade deficit for September, essentially unchanged from the previous month which was revised to a deficit of $3.2 billion compared with an initial estimate of $3.4 billion.

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Prices of imports fell 1.5 per cent, but volumes increased 1.3 per cent.

Economists have been predicting that the economy is slowing in the second half of the year after the red-hot pace set in the first six months of 2017.

In Alberta's largest cities, the unemployment rate also came down in October, but it remains above the provincewide rate and well above the national average.

The "other services" category led the growth in jobs with a gain of 21,400 positions, while the construction industry gained 18,400.

On a year-over-year basis, total employment rose by 308,000, with full-time work increasing by 397,000 and the number of people working part time declining by 89,000.

However, employment declined in wholesale and retail trade with 36,000 job losses.