The Canadian economy gained a remarkable 112,000 full-time jobs in September, but lost 102,000 part-time jobs, according to the latest employment data from Statistics Canada.Despite the net addition of 10,000 jobs falling short of what economists had forecasted, the overall unemployment rate remained at 6.2 percent — the lowest in nine years.Most of these full-time jobs came from the public sector — 20,000 jobs were created in the education sector, and 4,500 jobs were added in the public administration field.In August, the Canadian economy shed 88,000 full-time jobs, and added a 110,000 part-time jobs. That was not altogether surprising — many more part-time jobs tend to be created in the summer, particularly among those in the 15-24 demographic.“The gain in full-time employment is a positive sign for income and consumer spending growth in the third quarter,” said a morning note by Capital Economics’ Senior Economist David Madani.“Canada’s job market was ho-hum in September, in line with signals of a moderation in growth. It still churned out a respectable rise in September employment, and did a flip flop in the details that reversed a perverse reading the prior month,” wrote CIBC Capital Markets Chief Economist Avery Shenfeld in a note to clients.Also of significance is the growth in average hourly wages for permanent employees — it rose 2.2 percent from a year ago, the fastest annual pace in just over a year.In April of this year, wage growth fell to a 20-year low, prompting concern from the Bank of Canada over the overall state of the Canadian economy.But the summer months saw both consumers and company upping their spending game, buoyed by a stronger loonie and the steady recovery in the oil sector.Follow Vanmala on Twitter
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