Canada's unemployment rate drops to 5.2%: What you need to know

Employment was little changed, but wages rose 5.2 per cent from last year, Statistics Canada said. Find out more.

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Perhaps the most important number in Statistics Canada’s monthly hiring roundups these days is wages. The agency said the average hourly wage increased 5.2 per cent from September 2021, the fourth consecutive month wages have increased by more than five per cent from a year earlier. That’s fast by historical standards, but not fast enough to match inflation, which is

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