Canada's job market lost ground for a second straight month in September. Statistics Canada reported on Oct. 9 that employment fell by 68,000, or 0.3%, and the unemployment rate rose 0.1 percentage point to 6.5%.
The number of people marginally attached to the labor force fell by 236,000 to 1.468 million in September, BLS said, while the broader number outside the labor force who wanted a job changed little.
The Black unemployment rate rose from 6.0% to 7.0% in September, but employment and labor-force participation also rose. The number of unemployed grew by about 231,000, roughly twice the 110,000 gain in employment.
U.S. employers added 29,000 jobs in September and the unemployment rate was 4.2%, up from 4.1% in August, the Bureau of Labor Statistics said. July and August payroll gains were revised down by a combined 60,000.
The 4.1% unemployment rate counts only people actively searching. Broader measures put underutilization at 7.7%, and job searches are running longer than a year ago.
August payrolls rose 162,000, but the revised three-month average is about 71,000, hiring and quit rates are subdued and layoffs remain low. The evidence fits a cooling market better than a breaking one, with caveats.
