A help wanted sign hangs in a bar window along Queen Street West in Toronto Ontario, Canada June 10, 2022.
REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - The Canadian economy added a net 17,500 jobs in October, fewer than expected, while the jobless rate edged up to a 21-month high of 5.7%, Statistics Canada data showed on Friday.
Analysts polled by Reuters had forecast a net gain of 22,500 jobs and for the unemployment rate to tick up to 5.6% from 5.5% in September.
The unemployment rate has risen four times in the past six months, and is now at the highest level since 6.5% in Jan 2022.
The services sector gained 10,000 jobs, led by information, culture and recreation as well as health care and social assistance.
Persons:
Carlos Osorio, Ismail Shakil, Dale Smith
Organizations:
Queen, West, REUTERS, Rights OTTAWA, Statistics, Reuters, Bank of Canada, Thomson
Locations:
Toronto Ontario, Canada, Statistics Canada, Ottawa