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Global markets: US employment growth slower

By Commodity News Service Canada

WINNIPEG, October 7 – The following is a glance at the news moving markets globally.

US EMPLOYMENT GROWTH SLOWS
US employment growth was slower than expected in September, according to data out of the country on Friday.

Nonfarm payrolls increased by 156,000 jobs, which is down from 167,000.

CANADIAN EMPLOYMENT UP
Employment rose by 67,000, 0.4 per cent, in September, with most of the increase in part-time work. The unemployment rate was unchanged at seven per cent, as more people participated in the labour market.

In the third quarter of 2016, employment gains totalled 62,000, or 0.3 per cent. This followed little change in employment in the second quarter and a slight increase of 33,000, or 0.2 per cent in the first quarter, Statistics Canada said in a report on Friday.

CANADIAN OIL AND GAS EXTRACTION INDUSTRY SEES DOWNTURN
The oil and gas extraction industry recorded an overall downturn in 2015, which was largely attributable to a continued decline in the prices of crude oil and natural gas, Statistics Canada said in a report on Friday.

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