The region’s labour force – which includes unemployed people actively looking for work – stood at just under 782,000, well below last January’s pre-pandemic total of about 822,000.
Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday.
That’s the lowest the rate has been since April, when it stood at 6.9 per cent in the early days of the COVID-19 crisis.
Region’s economy shed some 2,700 net jobs last month, Statistics Canada says.
The total number of employed residents in the National Capital Region is at its highest level since the pandemic began, Statistics Canada said Friday.
Region added nearly 10,000 new positions in August, but employment-seekers returning to the market en masse drove up jobless rate.
Reduced pace of price growth was broad-based, spanning goods and services.
Job losses in tech and public-service sectors were offset by gains in retail, accommodation and construction sectors.
But latest figures offer hope that job losses in hard-hit sectors have bottomed out
Jobless rate reaches highest level in more than a decade.