Canada and U.S. jobs numbers disappoint

However, full-time and private sector employment grow

Canada and the U.S. both lost more jobs than anticipated in September. In Canada, analysts predicted a gain of 10,000 jobs, but the country shed 6,600 instead. The unemployment rate dropped slightly to 8 per cent as summer workers headed back to school. In the U.S., more than 95,000 jobs were lost and the unemployment rate remained stuck at 9.6 per cent. The bright spot in the U.S., say analysts, is that most job losses were government jobs, including temporary census position; the U.S. private sector actually gained 64,000 jobs. In Canada, the good news was that highly-prized full-time jobs increased. The negative overall number was due to a steep decline in part-time jobs and self-employment.

Financial Post

New York Times

Looking for more?

Get the Best of Maclean's sent straight to your inbox. Sign up for news, commentary and analysis.