JOB MARKET SEES BIG INCREASE IN AUGUST AFTER JULY DROP

Sep 09, 2016

By Michael Kramer

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A big bounce-back for the Canadian job market in August – after a dramatic drop in July.

Statistics Canada says the economy created 26,200 net new jobs last month –  compared with a loss of 31,200 in the previous month.

But even with the upsurge, the unemployment rate crept up to 7.0 per cent –  compared with 6.9 per cent in July.

That’s a reflection of more people entering the labour force – and starting to look for work.

The jobless rate grew again in Ontario – up to 6.7 per cent in August – from 6.4 in July – and Toronto saw a slight uptick – to 6.5 from 6.4 per cent.

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