Economics
Job Market in Canada Extends Recovery With Strong Full-Time Gain
- August rise brings share of jobs recouped to about two thirds
- But many economists expect road ahead will be rockier
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Canada’s economy added 245,800 jobs in August, a fourth-straight month of gains that has recouped almost two thirds of employment losses from the pandemic.
The hiring lowered the jobless rate to 10.2%, from 10.9% in July, and brings the number of jobs recovered since the height of the pandemic to 1.9 million. Canada lost 3 million jobs in March and April. Economists had forecast a 250,000 increase and an unemployment rate of 10.2% in August.