MOD­EST JOB GROWTH

Saskatoon StarPhoenix - - World -

Job growth re­sumed in Septem­ber af­ter three months of stag­na­tion but the in­crease, while enough to nudge the job­less rate down a notch to 6.4 per cent, was mod­est and all part-time. In fact, there was a loss of 15,000 full-time jobs, which was off­set by the cre­ation of 31,000 part-time po­si­tions, the Sta­tis­tics Canada re­port Fri­day shows. “An end to the string of job losses is a clear re­lief,” said BMO Cap­i­tal Mar­kets econ­o­mist Douglas Porter. The Bank of Canada, in a sep­a­rate re­port, said its fall sur­vey of the mood of Cana­dian busi­nesses show their hir­ing plans have risen mod­estly, and re­main pos­i­tive across all sec­tors and re­gions, sug­gest­ing fur­ther job growth in the months to come.“In the goods-pro­duc­ing sec­tor, the bal­ance of opin­ion on em­ploy­ment is par­tic­u­larly high rel­a­tive to his­tor­i­cal ex­pe­ri­ence,” the bank re­ported.

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