Canadian Unemployment Rate Unchanged in August


Canadian jobless rate remained unchanged at 7 percent in August of 2014 while employment unexpectedly fell including a record drop in private-sector jobs.

From the previous month, employment decreased by 11,000 as compared to 41,500 gain in July.  Full time employment declined by 2,300 and part time by 8,700. Private sector jobs dropped by record 111,800.

From a year earlier, employment increased by 81,000 (+0.5 percent) mostly in part-time work. Over the same period, the total number of hours worked was virtually unchanged. 

In August, employment fell among youths aged 15 to 24 and women aged 25 to 54. At the same time, it increased among men aged 25 to 54.

Provincially, employment declined in Alberta and in Newfoundland and Labrador, while it increased in Nova Scotia and New Brunswick.

There were fewer people employed in wholesale and retail trade, as well as transportation and warehousing. There were gains in construction, in professional, scientific and technical services and in public administration.

The number of private sector employees decreased in August, while self-employment rose.

Canadian Unemployment Rate Unchanged in August


Statistics Canada | Isabel Felino | isabel.felino@tradingeconomics.com
9/5/2014 1:59:21 PM