Canada Adds Fewer Jobs Than Expected in October, Jobless Rate Rises

Canada Adds Fewer Jobs Than Expected in October, Jobless Rate Rises
A help wanted sign hangs in a bar window along Queen Street West in Toronto on June 10, 2022. Reuters/Carlos Osorio
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The Canadian economy added a net 17,500 jobs in October, fewer than expected, while the jobless rate edged up to a 21-month high of 5.7 percent, Statistics Canada data showed on Nov. 3.

Analysts polled by Reuters had forecast a net gain of 22,500 jobs and for the unemployment rate to tick up to 5.6 percent from 5.5 percent in September.