Employment in Canada fell by 23,000 jobs in October from September, according to the ADP Canada National Employment Report. However, job gains in September were revised upward to 66,900 jobs from the previously reported gain of 28,800 jobs.
“Hiring slowed significantly this month,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute. “Despite steep declines in trade, natural resources and mining, and leisure and hospitality, we did see some solid growth in education and healthcare, manufacturing, and professional services.”
In the goods-producing sector, jobs fell by 4,700 in natural resources and mining and by 1,800 in construction; jobs in manufacturing rose by 3,000.
Jobs in trade/transportation and utilities, which led losses in the service-providing sector, were down by 14,700 jobs, followed by losses of 3,800 jobs in leisure and hospitality and 3,400 jobs in information.
On the flip side, administrative and support jobs increased by 4,200 and education and healthcare jobs rose by 3,700.
The ADP Research Institute produces the report in close collaboration with Moody’s Analytics Inc. Derived from actual ADP payroll data, the report measures the change in total nonfarm payroll employment each month on a seasonally adjusted basis.