Canada recorded a bigger-than-expected gain in employment in August as a jump in educational jobs retraced the previous monthÃ¢â‚¬â„¢s losses, while the countryÃ¢â‚¬â„¢s jobless rate increased as more people entered the workforce.
Employment rose by 35,800 jobs, the seventh gain in the last eight months, following a drop of 9,300 in July, Statistics Canada said today in Ottawa. The unemployment rate rose to 8.1 percent from 8 percent as 53,500 more people joined the labor force. Economists predicted 30,000 jobs would be created and a jobless rate of 8 percent, according to the median estimates in Bloomberg surveys.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.