Canada loses over 51,000 jobs in biggest drop in nearly a decade

Jeannie Matthews
September 10, 2018

It was six per cent in July, as well as August 2017. Analysts surveyed by Reuters had expected the economy to add 5,000 jobs in August and for the unemployment rate to increase to 5.9 percent.

It went from 6 per cent in July to 6.6 per cent in August, according to Statistics Canada.

Canada's unemployment rate is going against the grain as part-time jobs dipped last month.

Part-time employment declined by 92,000 jobs while full-time positions rose by 40,400 positions.

The unemployment rate is the Prince George area is down.

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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.

Compared with 12 months earlier, Canada's overall employment was up 0.9 per cent following the addition of 171,700 jobs, including 326,100 full-time positions. Market expectations were for an increase in employment of 5,000, according to economists at Royal Bank of Canada.

The increase mirrors increases in the Ontario and national unemployment rates.

The agency says the economy lost 38,000 public-sector jobs last month, while the private sector shed 30,700 positions.

The report also found, that across the country, employment fell by 22,000 in professional, scientific and technical services, with the majority of these losses in Ontario.

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