New data from Statistics Canada shows that Guelph’s unemployment rate fell to 6 percent in September, down from 7.2 percent in August.
Data reported on Friday shows 1,400 jobs were added last month and the workforce increased by about 100. The number of people who applied for unemployment insurance because they are actively looking for work dropped by 1,300.
Canada adds 157 thousand jobs in September, employment returns to pre-pandemic level
The participation rate, which measures the proportion of the working-age population working or looking for work, fell slightly to 71.5 percent from 71.6 percent in August.
September marks the third consecutive month that the unemployment rate has fallen.
In 2021, the unemployment rate fell as much as six percent in February before climbing to 9.2 percent in June.
London-St. Thomas’ unemployment rate falls to 7.3% in September
The Canadian labor market added 157,000 jobs in September, bringing employment back to February 2020 levels for the first time since the start of the COVID-19 pandemic.
The country’s unemployment rate fell to 6.9 percent, down from 7.1 percent in August.
– with archives from The Canadian Press
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