Canadian jobs rose by 22.2 thousand jobs in August, slightly stronger than expectations for a mere 19,000 jobs, following the addition of 10.9 thousand jobs in July.
However, the number of full-time jobs fell by 88.1K jobs in August after rising by 35.1K jobs the previous month, while part-time jobs increased by 110K jobs in August after falling by about 24.3K jobs in July.
Throughout the year, full-time jobs rose by 213,000 jobs or 1.5%, while part-time jobs rose by 4.6%.
Unemployment fell further in August to 6.2%, the lowest level since October 2008, from 6.3% in July. Overall, confidence in the labor market is likely to remain stable as the Bank of Canada monitors future trends closely by assessing whether higher interest rates will affect the labor market.
