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Canada August employment rose above forecast 34,300
Canadian employment rose faster than economists forecast in August, more than recovering the prior month’s decline, as part-time work increased. Employment rose by 34,300 following the July decrease of 30,400, Statistics Canada said today in Ottawa, and the jobless rate was unchanged at 7.3 per cent. Economists surveyed by Bloomberg News projected a 10,000 gain in jobs and 7.3 per cent unemployment, according to median forecasts.
Canada’s jobless rate will remain stalled over the next year, according to economists surveyed by Bloomberg, and Prime Minister Stephen Harper said in an interview with Bloomberg in Vancouver yesterday there will be “sluggish” growth for an extended period in much of the global economy. Part-time positions rose by 46,700 in August, Statistics Canada said today. Full-time employment fell by 12,500 in August, the first decline in seven months.
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