off-the-wire

Canada loses net 65,500 jobs in August, jobless rate rises to 7.1%

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada loses net 65,500 jobs in August, jobless rate rises to 7.1% teaser image

OTTAWA, Sept 5 (Reuters) - Canada's economy lost a net 65,500 jobs in July, largely in part-time work, and the jobless rate rose to 7.1%, Statistics Canada data showed on Friday.

Employment in the goods producing sector grew by a net 1,700 jobs, largely in construction. The services sector was down by a net 67,200 positions, led by professional, scientific and technical services, as well as transportation and warehousing.

Aug 2025 Jul 2025
Jobs gain/loss -65,500 -40,800
full-time -6,000 -51,000
part-time -59,700 +10,300
Unemployment rate 7.1% 6.9%
Participation 65.1% 65.2%
Labor force 22.550 mln 22.581 mln
Aug 2025 Aug 2024 % change
Avg hourly wage C$37.81 C$36.50 +3.6

NOTE: Analysts surveyed by Reuters had forecast 10,000 new jobs in August, and for the unemployment rate to rise to 7.0%. Hourly wage figures are for permanent employees.

(Reporting by Dale Smith; Editing by Promit Mukherjee) ((promit.mukherjee@tr.com, opens new tab))

Keywords: CANADA ECONOMY/EMPLOYMENT

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