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City's unemployment rate 5.9 per cent in October

The city's unemployment rate stood at 5.9 per cent in October, according to Statistics Canada labour market survey numbers. That's up from 4.8 per cent for the same month last year.
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The city's unemployment rate stood at 5.9 per cent in October, according to Statistics Canada labour market survey numbers.

That's up from 4.8 per cent for the same month last year. However, 49,100 people were employed last month, up by 1,600, while 3,100 were seeking work, up by 700 and 21,000 were not participating, down by 1,200.

Compared to September, the picture is less favourable. For that month, the unemployment rate was 5.7 per cent, 49,900 people were working, 3,000 were seeking work and 20,200 were not participating.

However, Statistics Canada urges against month-over-month comparisons due to seasonal factors.

The unemployment rates for October and September are accurate to within plus or minus 0.9 percentage points and that for October 2018, plus or minus 0.8 percentage points, 68 per cent of the time.

The figures are based on a three-month rolling average and do not separate full-time from part-time employment.