NEWS

Canada's economy adds 74,000 jobs, jobless rate drops to 6-year low

10/10/2014 08:41 EDT | Updated 12/10/2014 05:59 EST
Canada's economy added 74,000 jobs last month, pushing the unemployment rate down to its lowest point since December 2008.

Statistics Canada reported Friday that the jobless number dropped by 0.2 percentage points to 6.8 per cent.

For companison purposes, the U.S. jobless rate was 5.9 per cent in August, but Canada and the U.S. calculate their job numbers differently. If Canada's numbers are crunched the way the Americans calculate theirs, the two countries have the same jobless rate — 5.9 per cent.

Most of Canada's gains in September came in Ontario, Alberta, Saskatchewan, as well as Newfoundland and Labrador. The rest of the provinces were largely unchanged.

Many of the new jobs — more than 69,000 — were full-time positions, with the construction, natural resources
accommodation and food services and health care industries posting especially strong showings.

September's figure is the biggest monthly jobs gain this year.

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