Canada’s unemployment rate climbs to 6.7%, youth rate hits 13.7% - Outsource Accelerator

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OTTAWA, CANADA — Canada’s unemployment rate rose 0.2 percentage points to 6.7% in October as more people searched for work, while the youth jobless rate jumped 0.7 points to 13.7%. Employment was little changed, down 4,700, after declines of 68,000 in September and 42,000 in August. The employment rate fell 0.1 points to 60.5%, its third straight monthly decline. The number of private sector employees fell by 53,000 in October, the first decline since February, according to Statistics Canada . Public sector employees rose by 50,000 after four straight monthly declines totaling 148,000. Wholesale and retail trade lost 29,000 jobs, while construction added 16,000 and educational services added 15,000. Average hourly wages rose 2.