PEI economy added 2,700 jobs in September with unemployment rate of 6.3 percent

Statistics Canada says the national economy added 64,000 jobs last month as the country’s population continues to rapidly grow.  The federal agency says the unemployment rate held steady at 5.5 per cent.  Canada’s labour market has cooled over the last year amid higher interest rates, but the unemployment rate remains below pre-pandemic levels.  The job gains last month were concentrated in part-time work, while there were more people working in educational services and transportation and warehousing.  Meanwhile, jobs were shed in finance, insurance, real estate rental and leasing, construction and information and recreation. The PEI economy added 2,700 jobs in September, while the provincial unemployment rate stood at 6.3 percent, down from 7.6 percent in August.