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.

Bloomberg