Canada Unemployment Rate Falls as Economy Adds 60,900 Jobs

Canada’s economy added the most jobs in eight months in September, led by hiring at schools, bringing the country’s jobless rate to its lowest since 2008 and adding to evidence the country is averting a new recession.

Employment rose by 60,900 after a decline of 5,500 in August, Statistics Canada said today in Ottawa. The unemployment rate fell to 7.1 percent, its lowest since December 2008. Bloomberg News surveys called for a job gain of 15,000 and unemployment to remain at 7.3 percent.