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"A comprehensive, collaborative elections resource."
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[Canadian] economy adds 9,500 jobs but mostly election-related
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| Contributor | Monsieur |
| Last Edited | Monsieur Nov 07, 2008 08:38am |
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| Category | News |
| News Date | Friday, November 7, 2008 02:00:00 PM UTC0:0 |
| Description | Canada's economy defied expectations in October, adding 9,500 jobs, but economists note the boost was largely supported by election-related hiring.
According to a Statistics Canada report released Friday, Canada's jobless rate edged up from September's 6.1 per cent to 6.2 per cent in October.
The jump was driven by an increase in the number of people looking for work, said researchers.
While there was an overall employment gain of 9,500 workers, it was largely the result of the temporary hire of 40,000 public-sector administrative workers -- mostly needed for the fall federal election.
Still, Bank of Montreal economist Douglas Porter said October's report was "surprisingly sturdy." |
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