Canada’s employment rose by 40,000, or 0.2 percent in August, which was outpaced by the population growth of 103,000, or 0.3 percent, Statistics Canada said Friday.
Employment gains have continued to occur in the context of record-high population growth, the national statistical agency said.
According to the agency, the population aged 15 and older grew by 81,000 on average per month since the start of 2023. Given this pace of population growth, employment growth of approximately 50,000 per month is required for the employment rate to remain constant. However, since January 2023, employment has increased by 25,000 on average per month.
Accordingly, the employment rate, the proportion of the population aged 15 years and older who are employed, fell 0.1 percentage point to 61.9 percent in August and it was down 0.6 percentage points compared with January 2023, the agency said.
The unemployment rate was unchanged at 5.5 percent, following three consecutive monthly increases in May, June and July, Statistics Canada said.
Source: Xinhua
