Jobless rate ticks down to lowest level since 2008 as Canada adds 22,000 jobs in August

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Canada’s control added 22,000 jobs last month, with a surge in part-time hopped offsetting a loss of full-time jobs.

Statistics Canada reported Friday the jobless rate abated by 0.1 percentage points to 6.2 per cent — the lowest it’s been since October 2008, retaliate for before the financial crisis.

The economy added 110,000 part-time chores during the month, offset by a loss off 88,000 full-time jobs.

Ontario was the purely province with a job surge, gaining 31,000 jobs in August — plenty to push the province’s jobless rate down four ticks to it’s lowest unchanging since 2001, at 5.7 per cent.

Everywhere else, the economy either dissolute or gained a small number of jobs.

CANADIAN UNEMPLOYMENT IN AUGUST

But there were a few reasons for touch on buried in the numbers.

The closely watched manufacturing sector, for example, cursed another 11,000 jobs during the month.

“While very dependable on the surface, the details of this report are generally sluggish,” Bank of Montreal economist Doug Superintendent said, pointing out that the total number of hours worked sagged by 0.1 per cent in August compared to July, despite the surge of new tradesmen.

That could be a sign that the amount of paid work in the saving is about the same, just being spread across a wider reckon of part timers.

“The details of the report were mostly on the soft side of the ledger,” Door-keeper said.

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