Canada's economy gained a much greater than expected net 39,900 jobs in August and the unemployment rate remained at 5.5%, official data showed on Friday, a sign of underlying strength despite high rates.
Analysts polled by Reuters had forecast a net gain of 15,000 jobs and for the unemployment rate to edge up to 5.6% from July.
The labor market has been resilient even as the Bank of Canada raised its key overnight rate 10 times since March 2022 to cool the economy. Monthly employment growth is averaging 25,000 so far this year. The average hourly wage for permanent employees, a figure the central bank watches closely, rose by 5.2% from August 2022 compared to a year-on-year increase of 5.0% in July.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Week 2 Cunningham Bounds Coastal Player of the Week decidedBalloting decided by fewer than 900 votes from 10,578 cast in Week 2.
Weiterlesen »
Nacon Reveals The Rig 900 Max HX Gaming HeadsetNacon has launched a new gaming headset this morning as they revealed the Rig 900 Max HX with several improvements over the previous sets.
Weiterlesen »
Canada's Ivey PMI shows activity rebounding in August By ReutersCanada's Ivey PMI shows activity rebounding in August
Weiterlesen »
Lost ancient city from over 1,500 years ago with monkey rock art discoveredThe site may date back to around 400 A.D. and is thought to have been abandoned between 900 A.D. and 1200 A.D.
Weiterlesen »
Bankruptcies spiked in August — post-COVID rebound 'is becoming a reality'Consumer bankruptcies increased during August in another sign that financial distress is growing for many people.
Weiterlesen »