Payroll employment fell 0.3% in September, with pretty broad-based declines led by education and manufacturing offsetting a decent pickup in health care adds.

If there was a silver lining in the print it was job vacancies, which recovered for a second straight month at the country level…

… led by by the first M/M build at the provincial level (up 6%) since the start of 2024. Construction (up 15%) and manufacturing (up 11%) drove the move and could signal a labour market finding its floor, should it continue.