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Given the current lack of recession-fighting tools, the best we can do is hope

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CTV NewsUnemployment rates up locally, steady across CanadaCTV NewsA surge in full-time work fuelled a 10th-straight month of net job gains to match the economy's longest monthly streak since the financial crisis nine years ago, Statistics Canada said Friday. September's unemployment rate stayed at a nine-year low of …Canadian dollar recovers from five-week low as wage growth acceleratesThe Globe and MailCanada adds 10000 jobs in SeptemberCBC.caCapital jobless rate showed little change in SeptemberOttawa CitizenGlobalnews.ca -Reuters -Fox Businessall 29 news articles »

Continue Reading On Kitchener.ctvnews.ca »

Canada adds 10,000 net new jobs in September(Hero Images/Getty Images)
OTTAWA – A surge in full-time work fuelled a 10th-straight month of net job gains to match the economy’s longest monthly streak since the financial crisis nine years ago, Statistics Canada said Friday.
September’s unemployment rate stayed at a nine-year low of 6.2 per cent after country added 10,000 net new jobs, including 112,000 full-time positions.
MORE: If the economy is so great, why do we feel so bad?
The rise in full-time work more than offset a drop of 102,000 part-time jobs, however, last month’s job gains were entirely driven by growth in public-sector employment.
The September figures also showed yet another improvement in the important indicator of wage growth. Compared to the year before, the report said average hourly wages grew at the above-inflation pace of 2.2 per cent, for the biggest increase since April 2016.
The numbers show the employment increase was also concentrated in factory work as the goods-producing sector added 10,500 jobs, compared to a loss of 500 positions in the services industry…

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