Friday, October 31, 2014

Job gains part-time

OTTAWA—Canada’s labour market staged a modest comeback last month.
But the good news was tempered by the fact all 25,800 net new jobs were part-time, and many likely temporary, as the first wave of students entered the summer job market.

Despite the net increase in jobs, the official unemployment rate edged back to seven percent after several months at 6.9—an unusual outcome caused by more Canadians entering the work force.
But the real news is that full-time employment fell by 29,100, the second big drop in two months.
Employment among men aged 25-54 fell by 23,000.

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