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- Canada adds 81,100 new jobs in August; unemployment rate stays at 5.7 percent
Canada adds 81,100 new jobs in August; unemployment rate stays at 5.7 percent
Statistics
Canada reported on Friday that the number of employed people surged by 81,100
m-o-m in August, while economists had forecast a gain of 15,000 and after an
unrevised drop of 24,200 in the previous month.
Meanwhile,
Canada's unemployment remained unchanged at 5.7 percent, in line with economists’
forecast.
According to
the report, full-time employment increased by 23,800 (or +0.2 percent m-o-m) in
August, while part-time jobs climbed by 57,200 (or +1.6 percent m-o-m).
In August, the
number of private-sector employees surged by 94,300 (+0.8 percent m-o-m), while
the number of public sector employees dropped by 2,100 (-0.1 percent m-o-m). At
the same time, the number of self-employed decreased by 11,200 (-0.4 percent
m-o-m) last month.
Sector-wise, there
were more people employed in finance, insurance, real estate, rental and
leasing (+22,400) educational services (+20,500), and in professional,
scientific and technical services (+16,800). In contrast, employment declined
in business, building and other support services (-22,300).
On a
year-over-year basis, employment grew by 471,000 (+2.5 percent) in August,
driven by gains in both full- (+306,000 or +2.0 percent) and part-time work
(+165,000 or +4.8 percent).
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