Canada’s Unemployment rate is increasing

Canada unemployment rate unexpectedly rose to its highest level in a year and a half in September, although employment increased by 12 thousand above analysts' forecasts for an increase of 10.5 thousand.

The unemployment rate reached 7.1% instead of the expected decline from 7% to 6.9%, because more people have joined the labor market, states the Statistics Canada's report that was published yesterday.

The number of unemployed went up by 1.4 percent while employment rose only by 0.1 percent. Unemployment Rate in Canada averaged 7.72 percent from 1966 until 2015, reaching an all time high of 13.10 percent in December of 1982 and a record low of 2.90 percent in June of 1966. Although the newly opened positions exceeded the forecasts of economists, the improvement was mostly due to temporary employment.By sectors, the strongest results showed "Culture, information and recreation" with 32,500 new jobs. In education services employment declined by 51.300.
The number of self-employed workers increased, while public sector employment declined.  There was little change in the number of private sector employees.