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Full-time employment dropped, but part-time jobs rose significantly, led by the private sector, contributing to a positive economic outlook.

Nov 07, 07:58 PM IST 2 min read

Canada's job market rebounded in October, adding 66,600 jobs and lowering the unemployment rate to 6.9%, beating expectations. The growth was mainly in part-time positions, offsetting losses from previous months. Youth unemployment declined to 14.1%, marking a positive trend. The retail sector was a significant contributor to job gains, reflecting broader economic recovery amid ongoing challenges.

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