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  • Canada adds 43,000 jobs in October, jobless rate down to 6.5%

    The Canadian economy added 43,000 jobs in October, pushing the jobless rate down to its lowest level since November 2008.
    Statistics Canada said Friday that Canada has now produced 182,000 jobs in the past year. But two-thirds of those jobs have come in the past two months.

    The strong monthly figure is much better than what most economists had been expecting — a slight pullback after a strong September figure.Instead, it was the first time there have been back-to-back monthly gains since the end of 2012.

    "Throughout this year, we’ve been trapped in an oscillating pattern of gains one month only to be followed by losses the very next month," Scotiabank said in a research note ahead of the release of the data.


  • #2
    U.S. has added 2.3 million jobs this year

    The unemployment ratefellto 5.8%, according the government report released Friday. The rate fell below 6% in September for the first time in six years.

    Economists are growing more optimistic about hiring. The consensus forecast from economists surveyed by CNNMoney was for a jobs gain of 233,000 jobs and an unemployment rate of 5.9%. While October's hiring fell short of expectations, experts still say it's positive.

    "Anytime you're over the 200,000 mark, things are going well," says Rich Thompson, chief economist at Adecco Group North America. "It's still good. It's consistently solid."