The Canadian labour market was little changed for the 4th consecutive month with an increase of 22K jobs in August. Gains in part-time work (+66K; +1.8%) were largely offset by losses in full-time work (-44K; -0.3%).
The unemployment rate rose 0.2 percentage points to 6.6%. Outside of the pandemic in 2020 and 2021, the rate was the highest since May 2017 and has generally trended up since April 2023, rising 1.5% over the period.
Check out the latest edition of the Canada Talent Market Monthly for details.