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Canada Adds 60,400 Jobs Amid Mixed Labor Market Signals

10/11/2025

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Center

Canada's Job Surge

Canada added 60,400 jobs in September, signaling strength in the labor market.
The unemployment rate stayed at 7.1% in September, the highest since August 2021.
Economists caution that the rebound may not indicate a sustained recovery because total employment is down 45,000 since June.
Bank of Canada (BoC) may delay rate cuts, with markets pricing a 56% chance of a cut on October 29, and inflation data will guide policy.

Left

Waller Warns Job Losses

Federal Reserve Governor Christopher Waller says US labor market is struggling and job growth has likely turned negative, citing 32,000-job September loss.
Ed Al-Hussainy of Columbia Threadneedle Investments calls job market "bed rotting" and warns conditions could trigger a recession.
Economist Mark Zandi notes a lack of job growth and rising unemployment.
Columnist Abby McCloskey says tariffs and uncertainty hurt voter views, with 44% of Republicans rating the economy positively.

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Canada's Job Surge

Canada added 60,400 jobs in September, signaling strength in the labor market.
The unemployment rate stayed at 7.1% in September, the highest since August 2021.
Economists caution that the rebound may not indicate a sustained recovery because total employment is down 45,000 since June.
Bank of Canada (BoC) may delay rate cuts, with markets pricing a 56% chance of a cut on October 29, and inflation data will guide policy.

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