Canada added 40,000 jobs in August — but it added 100,000 more people, too

By WNews 1 Min Read

Canada’s economy added 40,000 jobs last month, about twice as many as expected, but also only about half as many as would be needed to keep up with population growth.

Statistics Canada reported Friday that while the economy added jobs, the country also added about 103,000 new people. So despite the mini-surge, the employment rate — the percentage of adults who are actively in the workforce — actually declined by 0.1 percentage points, to 61.9 per cent.

Economists had been expecting the economy to add only about 20,000 jobs, and a few were even calling for a decline, which would have been

Share This Article
By WNews
Follow:
WNews bring the latest news in an objection, balance and honest.
Leave a comment
Reading: Canada added 40,000 jobs in August — but it added 100,000 more people, too

(C) 2012 – 2024  | WNews Broadcasting Corp, a W-World Company | All Rights Reserved

Connect
with Us

Report a Error with this Story

Notice a error or facts with this story, please submit the information below and someone from our newsroom will review it and change if required