Unemployment rate lowest since 2008
Oct 11, 2013 / 2:30 pm
The unemployment rate dropped to 6.9 per cent in September -- its lowest level since 2008 -- as fewer young people looked for work, Statistics Canada said Friday.
That is an improvement from the 7.1 per cent rate in August and comes as the economy adds 11,900 new jobs for the month, following an additional 59,200 jobs in August.
There were employment gains in finance, insurance, real estate and leasing as well as natural resources and agriculture in September. At the same time, there were declines in manufacturing and public administration.
In Kelowna, the three-month moving average dropped to 6.5 per cent, down from 7.2 per cent in August.
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