Canada Employment Rises 60,400, Jobless Rate Sticks at 7.1%

The Canadian economy added more jobs than expected but the unemployment rate held steady as more people entered the workforce.

Employment rose by 60,400 positions in September, driven by increases in full-time work. The jobless rate was unchanged at 7.1%, Statistics Canada data showed Friday. The job gains surpassed even the most optimistic projection in a Bloomberg survey of economists — the median forecast was for 5,000 jobs to be created.