Published: Sun, September 09, 2018
Money | By Ralph Mccoy

Canada Sheds Jobs in August, Pushing Jobless Rate To 6.0%

Canada Sheds Jobs in August, Pushing Jobless Rate To 6.0%

The economy dropped a net 51,600 jobs in August on a seasonally adjusted basis, Statistics Canada said Friday.

The August reading is 5.9 per cent in our region that stretches from Jasper to Peace River, that is down from July's 6.0 per cent and back to what it was in April. Statistics Canada pegged the Prince George rate at 4.4 percent in August, down a point and a half from a year ago.

British Columbia's 5.3 per cent rate in August was the lowest in the country, though that rate was up from five per cent in July.

The loss of jobs almost wiped out the gains made across the country in July when employment positions increased by 54,100.

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

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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.

The August decrease, a drop of 1.1 per cent, was by far the biggest decline among the provinces.

Advertisment The win streak stopped last month for progress on the Canadian job front.

Employment in Alberta increased by 16,000, and the unemployment rate remained at 6.7% as more people participated in the labour market.

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