Economy added 246,000 jobs in August, unemployment rate 10.2% – Canada News

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According to Statistics Canada, the economy added 246,000 jobs in August as the pace of job gains slowed from July, when 419,000 jobs were added.

The figure marked the fourth consecutive month of gains thanks to lockdowns linked to COVID-19 this spring, bringing the number to 1.1 million pre-pandemic levels.

Gains in August were largely concentrated in full-time work, which lagged behind gains in part-time employment.

Employment also grew at a faster pace for women than for men for the third consecutive month, with Statistics Canada reporting that women gained about 150,000 jobs in August, compared to 96,000 for men.

The unemployment rate fell to 10.2% in August from 10.9% in July.

In British Columbia, the unemployment rate was set at 10.7%, down from 11.1% a month earlier.

In Kelowna, it was 9.0%, up from 10.0% in July.

Economists had expected a slightly larger gain of 275,000 jobs in August and an unemployment rate of 10.1 percent, according to financial data firm Refinitiv.

According to Statistics Canada, the unemployment rate in August was 13%. If it had been included in the calculations of people who wanted a job but were not looking for work.

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