Canada Jobless Rate Rises to 6% in August



The unemployment rate in Canada rose to 6.0 percent in August of 2018 from 5.8 percent in the previous month and above market expectations of 5.9 percent. Following two months of increases, employment decreased by 51,600, after creating 54,100 in July and well below market consensus of a 5,000 gain, as part-time employment dropped (-92,000) while full time advanced (+40,400).

Employment fell mainly in Ontario (-80,000) while went up in Alberta (+16,000) and Manitoba (+2,600). In Quebec and other provinces employment was almost unchanged.

There were employment decreases in professional, scientific and technical services (-22,100); wholesale and retail trade (-19,600); construction (-16,400); information, culture and recreation (-7,000); finance, insurance, real estate, rental and leasing (-5,700); agriculture (-4,800); public administration (-3,500) and natural resources (-2,500). Meantime, employment recorded gains in business, building and other support services (+10,000).

The number of public sector employees dropped by 38,000, while the number of employees in the private sector and self-employed workers were almost unchanged.

In August, employment went down for both women and men aged 55 and over. For women in this age group employment decreased by 28,000 and for men by 22,000. Employment for core-aged population (25 to 54) and for youth aged 15 to 24 was almost unchanged.

The labour force participation rate fell slightly to 65.3 percent from 65.4 percent in July and down from market forecasts of 65.4 percent.

Canada Jobless Rate Rises to 6% in August


Statistics Canada | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/7/2018 1:09:07 PM