Canada shatters job creation expectations in September

The Canadian economy added a surprising 378,000 jobs in September – far surpassing the job gains most economists had been forecasting – according to the latest Labour Force Survey from Statistics Canada.

This latest increase in employment marks the fourth month in a row of solid job gains, bringing the national unemployment rate back down to the single digits at nine per cent (9%). We had reached a record-high of 13.7 per cent back in May.

In August, Stats Can had reported an increase of 246,000 jobs. Over the past few months, employment in this country has recovered to within 720,000 jobs (or down just -3.7 per cent) of its pre-COVID February employment level.

These gains have been across all provinces and most industries. Due to the ongoing impact of the COVID-19 restrictions, the accommodation and food services and retail trade industries remained furthest from full recovery.

Stats Can is predicting that the accommodation and food services industry is likely to continue to face a number of challenges over the coming months. While outdoor dining is going to become less practical during the winter months, and as some COVID restrictions are being re-introduced, a recent study indicated that Canadians plan to reduce spending at restaurants.

These are the jobs that are most at risk of being decimated by COVID-19 (and those that are safer).

On the flip side, these are the 10 fastest growing jobs for young professionals right now.

Here’s a look at the provincial unemployment rates across Canada
(Along with postings for jobs currently hiring on CareerBeacon)

Newfoundland and Labrador 14.8 per cent [View jobs in NL]

Prince Edward Island 10.1 per cent [Jobs in PEI]

Nova Scotia 7.9 per cent [Jobs in Nova Scotia]

New Brunswick 10.4 per cent [Available jobs in New Brunswick]

Quebec 7.4 per cent [See jobs in Quebec]

Ontario 9.5 per cent [Job opportunities in Ontario]

Manitoba 7.0 per cent [Jobs in Manitoba]

Saskatchewan 6.8 per cent [Jobs in Saskatchewan]

Alberta 11.7 per cent [Available jobs in Alberta]

British Columbia 8.4 per cent [See jobs in B.C.]

You can read the full Labour Force Survey from Statistics Canada for more detail.

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