This article was last updated on April 16, 2022
Canada: 
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According to latest figures unveiled by Statistics Canada on Friday, the Canadian economy was only able to generate 13,200 new jobs in October, illustrating mere growth for the second consecutive month, as public-sector hiring balanced for losses at private companies. The agency revealed that the country’s jobless rate is stable at 6.9 per cent, i.e. almost a five-year low figure, explaining that the rate had dropped in September due to fewer people seeking work.
It was explained that recent mediocre gains in public sector were led by accommodation and food services sector, while jobs were lessened in the construction and manufacturing industries. According to remarks of senior economist at National Bank Financial, Matthieu Arseneau, he explained that “we continue to expect soft growth in the final quarter of the year,” highlighting that the private sector will be “crucial” to job growth in near future amid slower government hiring. Figures show an increment in public-sector employment by 47,300, i.e. mainly focused in the health care and education sectors, while the private sector alienated 22,100 jobs and self-employment decreased by another 12,000 positions.
Consequently, in an announcement made last month, The Bank of Canada weakened its economic outlook for this year and next, citing weakness in exports and business investment. While this week, the government of Ontario lessened its near-term forecast amid weak exports. It was pointed out that Saskatchewan carried the lowest jobless rate in the country, i.e. 3.6 per cent, while Newfoundland secured the highest at 11 per cent.
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