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Canada gains more jobs than expected in August, wage growth accelerates

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Canada's economy added almost three times the number of jobs expected in August and wage growth accelerated, data showed on Friday, a sign of underlying strength despite high interest rates. Canada created 39,900 jobs, Statistics Canada said, compared with a median forecast for a gain of 15,000. The unemployment rate remained at 5.5%. Full-time positions grew by 32,200 while part-time jobs posted a more modest gain of 7,800.
Source:https://www.reuters.com/markets/canada-gains-many-more-jobs-than-expected-august-unemployment-rate-unchanged-2023-09-08/
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Reviewed by: Pyramid eServices News DeskLast updated: 16 September 2023

Reference sources

  • https://www.reuters.com/markets/canada-gains-many-more-jobs-than-expected-august-unemployment-rate-unchanged-2023-09-08/
  • https://www.canada.ca/en/services/immigration-citizenship.html
  • https://www.gov.uk/government/organisations/uk-visas-and-immigration
Canada gains more jobs than expected in August, wage growth accelerates | Pyramid eServices | Pyramid eServices