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Unemployment rate unchanged at 6.5%

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Canada’s unemployment rate was unchanged in October at 6.5 per cent, while job growth was little changed from the previous month,┬аStatistics Canada said on Friday.

More people were employed in business, building and other support services, and fewer in finance, insurance, real estate, rental and leasing, and public administration.

Total hours worked were up 1.6 per cent year over year, while average hourly wages rose 4.9 per cent from the same time last year, up $1.68 to $35.76 an hour.

The youth employment rate rose for the first time since April, but still declined 2.7 percentage points┬аon a yearly basis.

More to come.

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