Low unemployment, higher wages and positive job growth: Ralston

Windsor's jobless rate sees increase for the month of October

In another encouraging sign, the labour force participation rate also went up, from 59 per cent in September to 59.9 per cent in October.

Statistics Canada said the economy lost 1,800 jobs in October, following gains of 54,000 jobs in September and 81,000 in August.

At the provincial level, British Columbia was a standout region with more than 15,000 positions created in October.

The province saw notable losses in health care and social assistance (-15,200 jobs), manufacturing (-8,300 jobs), natural resources (-9,800 jobs) and construction (-4,400 jobs).

On a year-over-year basis, employment was up by 443,000, an increase of 2.4 per cent.

"We have to be cautious about reading too much into any one report, but it shows that the economy is not simply on a one-way trip north here", Porter said. "Over the past three months, we've now added a total of 11,600 new jobs". "That's the weakest jobs number since July, but hardly the end of the world after a torrid pace of gains over the prior two months".

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Construction led the way in hiring, adding 4,400 jobs in October, while employment in education and hotels & food services was up 2,500 and 2,200 respectively.

Canada's central bank, which has not moved since October 2018 even as its counterparts - including the U.S. Federal Reserve - have eased, held firm as expected last week, but left the door open to a possible future cut to help the economy weather the damaging effects of global trade conflicts.

As a result, Ottawa's jobless rate in October dropped to 4.2 per cent from 4.4 per cent.

The B.C. rate continues to be the best in the country, at 4.7 percent.

Royce Mendes, senior economist at Canadian Imperial Bank of Commerce, noted how job growth has outpaced other key indicators over the past year, such as gross domestic product.

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