Canada's unemployment rate increases in October-Xinhua

Canada's unemployment rate increases in October

Source: Xinhua| 2023-11-03 23:51:15|Editor:

OTTAWA, Nov. 3 (Xinhua) -- Canada's unemployment rate rose 0.2 percentage points to reach 5.7 percent in October, marking the fourth monthly increase, Statistics Canada said on Friday.

According to the national statistical agency, the unemployment rate was higher for Black and Chinese Canadian youth, at 17.7 percent and 14.7 percent respectively. The rate for South Asian Canadians was 12.7 percent, similar to the overall youth unemployment rate.

The unemployment rate for First Nations youth living off-reserve was 16.4 percent and among Métis youth, the unemployment rate was 13.2 percent.

Canada's employment was little changed in October and the employment rate fell 0.1 percentage points to 61.9 percent, while there were 1.2 million unemployed persons in October, an increase of 171,000, or 16.2 percent, since April.

As unemployment has increased and job vacancies have decreased in recent months, the labour force participation rate, the proportion of the population aged 15 and older that was either employed or looking for work, has remained relatively high.

The participation rate of 65.6 percent in October was unchanged from the previous month, and was up 0.2 percentage points on a year-over-year basis, Statistics Canada said.

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