Statistics Canada will say this morning how the country’s labor market fared in September after adding jobs to the economy in August.
The economy added 90,200 jobs in August and slashed the unemployment rate for the month to 7.1 percent, making it the lowest level since the start of the pandemic last year.
Economists are expecting another round of benefits in September as work resumes, many out-of-work Canadians begin to end unemployment benefits, and the start of the school year has sent more parents to work. allowed to return.
Royal Bank economists Nathan Janzen and Claire Fan expect 50,000 job gains for the month, which would bring the country around 100,000 jobs from pre-pandemic levels recorded in February 2020.
On Thursday, Bank of Canada Governor Tiff McCalem said he expects more jobs to be secured given the number of job openings, even as companies report a harder time finding workers.
Macklem said the process of matching unemployed workers to available jobs is still going to take some time.