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.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
