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Canada Gains 17,500 Jobs in October, Jobless Rate Rises to 5.7%
Canada's economy gained a net 17,500 jobs in October, entirely in part-time work, and the jobless rate rose to 5.7%, Statistics Canada data showed on Friday. Employment in the goods producing sector grew by a net 7,500 jobs, largely in construction. The services sector was up by a net 10,000 positions, mostly in information, culture and recreation, as well as health care and social assistance. The "headline figure is a little lower quality than the number suggests. The key is the unemployment rate ticked up again to 5.7% and that's continuing that march higher from 5% back in the spring so that's clearly ... (full story)