Canada sheds 68,000 jobs, unemployment rate up to 6.5% in September - CFJC Today Kamloops

OTTAWA — The labour market stalled for a second month in a row in September, pushing back on calls for interest rate hikes from the Bank of Canada. Statistics Canada said Friday the economy lost 68,000 positions in September, coming off a loss of 42,000 roles in August. Economists had expected a gain of 9,200 jobs in the month. StatCan said job losses were nearly evenly split between full- and part-time work and were concentrated in the public sector. The unemployment rate edged up a tenth of a point to 6.5 per cent last month, back to where it stood at the start of the year in January.