10/20/2026
📉 Canadian Labour Market Recap – September 2026 🇨🇦
Canada’s labour market lost further momentum in September, marking a second consecutive month of employment declines.
➡️ Employment Change: Employment decreased by 68,000 jobs (-0.3%), falling well short of expectations for a gain. The decline was split between full-time (-35,000) and part-time (-33,000) work.
➡️ Unemployment Rate: The unemployment rate increased to 6.5%, up from 6.4% in August and returning to the same level recorded at the beginning of the year.
➡️ Sector Highlights: Employment declined in educational services (-35,000), health care and social assistance (-23,000) and manufacturing (-13,000). Gains were led by other services (+17,000) and professional, scientific and technical services (+11,000).
➡️ Wage Growth: Average hourly wages increased 2.3% year-over-year to $37.64, up from 2.0% growth in August.
Stay informed with the latest trends to navigate your career or business strategies effectively! 🚀
Sources:
Reuters
TD Economics
Statistics Canada