More Jobs Created in August
CBJ — The Canadian job market rebounded last month, gaining back much of the ground lost in July.
The economy created 26,200 net new jobs in August compared with a loss of 31,200 in the previous month according to figures released by Statistics Canada.
However, even with the increase in the number of jobs, the unemployment rate crept up to 7.0% compared with 6.9% in July as more people entered the labour force and started looking for work.
August’s employment data included a gain of 52,200 full-time jobs, nearly offsetting a loss of 71,400 full-time positions in July. The number of part-time jobs in August fell by 26,000 compared with a gain of 40,200 the previous month.