Canadian economy lost 68,000 jobs in September, marking second straight month of surprise declines
The decline marks a second straight month of job losses. Economists polled ahead of the release predicted employers added 9,200 positions in September.
Decline comes after economy shed 42,000 jobs the month before
CBC News
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Canada lost 68,000 jobs in September, according to Statistics Canada, marking a second month of losses in a row, while the unemployment rate rose to 6.5 per cent.
The decline was concentrated in youth aged 15 to 24 , who accounted for 48,000 job losses, according to the data agency.
A Reuters poll of economists ahead of the release predicted employers added 9,200 positions in September.
The decline follows 42,000 job losses in August, which came as a surprise to economists and snapped a hot streak for the labour market.
The jobs data will be the Bank of Canada's last look at the labour market before its next interest rate decision on Oct. 28.
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