Unemployment: National rate holds steady, local rate down

Statistics Canada says the economy added 108,000 jobs in October, reversing much of the losses observed in recent months.

According to the federal agency’s latest labour force survey, the unemployment rate held steady at 5.2 per cent as more Canadians looked for work. Employment rose across a broad range of sectors, led by manufacturing, construction and accommodation and food services. Though still falling short of hot inflation, wages continued to rise and were 5.6 per cent higher than a year ago.

Locally, the unemployment rate for the Belleville Census Metropolitan Area was down from the month before. It’s now at 5.9 %. Down from 6.5% in September.

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Canada added 108,000 jobs in October | CBC NewsCanada's economy added 108,000 jobs in October, about 10 times what was expected. That's what happens when you fire capable people from their jobs because of personal health choices. It is funny how these numbers do not jive on the streets. People do not have the same settlement as corporate ran media. What does that say about economists and statisticians…
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