Canada Unemployment Rate Up to 7% in August


The jobless rate in Canada increased to 7 percent in August of 2016 from 6.9 percent in July. The figure came above market forecasts of 6.9 percent as 42.7 thousand people joined the labour force while employment increased by a better-than-expected 26.2 thousand jobs.

There were 1,361 thousand unemployed people, 16.3 thousand more than in July; 18,049 thousand were employed (26.2 thousand more) and 19,410 thousand were in the labour force. 

Employment increased among youths aged 15 to 24 (+22 thousand) and people aged 55 and older (+29 thousand). At the same time, employment was down among those aged 25 to 54 (-25 thousand).

Employment rose in Quebec and in Newfoundland and Labrador, while it declined in New Brunswick. There was little change in the other provinces.

There were more people working in public administration (+16 thousand) and fewer people working in professional, scientific and technical services (-23 thousand).

Public sector employment increased in August (+27 thousand), while self-employment fell (-39 thousand) and the number of private sector employees was little changed.

Canada Unemployment Rate Up to 7% in August


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
9/9/2016 1:56:05 PM