Published: Sun, September 09, 2018
Markets | By Otis Pena

Canada's ever-volatile labour report posts 'messy' results for August

Canada's ever-volatile labour report posts 'messy' results for August

Figures released Friday by Statistics Canada showed our economy lost 51,600 jobs in August, with losses in part-time work overtaking gains in full-time employment. Canadian economists had predicted the rate would drop to 5-point-9 per cent on an increase of 5-thousand jobs.

Economists had expected an increase of 5,000 jobs for August and the unemployment rate to be 5.9 per cent, according to Thomson Reuters Eikon.

In Ontario, after two consecutive months of increases, employment fell by 80,000 jobs in August.

The often-volatile monthly employment numbers followed an increase of 54,100 positions in July.

The agency said in its Labour Force Survey for August 2018 a number of factors came into play as the national economy shed 92,000 part-time jobs.

There was a jump in the Red Deer area unemployment rate last month.

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Ontario experienced the biggest decrease of the provinces by far with a loss of 80,100 jobs - nearly all of which were part-time positions.

In Chatham-Kent, the unemployment rate dropped to 5.6 per cent.

The unemployment rate was 6.0 per cent compared with 5.8 per cent in July.

Stats Canada says unemployment rose slightly in Victoria to 4.3 in August, up one-tenth from the 4.2 per cent registered in July.

The services sector shed 21,200 jobs in August after shedding 22,100 positions in professional, scientific and technical services.

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