TORONTO (AP) — The Canadian economy added 34,300 new jobs in August, topping expectations of only modest gains and reversing the previous month's setback, Statistics Canada reported Friday.
The reporting agency said all the gains were part-time jobs, which added 46,700 employees, while there were 12,500 fewer full-time workers. As well, there were heavy losses in the goods producing sector, which generally pays higher wages.
Analysts had expected the economy to add only about 10,000 jobs in August, reflecting the slow pace of growth and risk-filled nature of the global outlook.
Meanwhile, the unemployment rate remained unchanged at 7.3 percent — where it has been for most of the past year— as the labor force grew in step with the employment gains.
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