North American labor markets show mixed signals in October
Summary of 2 reports
Canada is expected to add jobs in October with unemployment remaining steady, while the U.S. economy added 165,000 jobs—significantly exceeding the forecasted 59,000—with unemployment falling to 4.1% from 4.2%. Canada's job growth occurs amid trade tensions with the U.S., contrasting with stronger-than-anticipated American employment figures.
Full coverage
Canada expected to add jobs in October, unemployment rate to remain steady (opens The Globe and Mail in a new tab)
Economy has faced headwinds with escalation of trade war with U.S.
U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate at 4.1% (opens CNBC in a new tab)
Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate held steady at 4.2%.
