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Canadian employment increased by 27,000 in August, led by part-time work and among private sector employees, Statistics Canada said Friday. The unemployment rate edged up 0.1 percentage points to 8.7% as more people participated in the labor market.
Businesses hired more than they fired for the first time in 11 months.
Economists were looking for a modest decline in net employment, and an 8.8% unemployment rate.
Stats Canada noted that since employment peaked in October 2008, total employment has fallen by 387,000 (-2.3%). The trend in employment, however, has changed recently. Over the last five months, employment has fallen by 31,000, a much smaller decline than the 357,000 observed during the five months following October 2008.
In August, part-time employment rose by 31,000. Since October, full-time work has dropped by 486,000 (-3.5%), partially offset by increases in part time of 99,000 (+3.1%).
Employment among private sector employees increased by 49,000 in August, the first increase in this group since September 2008. Employment among both public sector employees and the self-employed edged down in August.
Increases were observed in a number of industries in August, including retail and wholesale trade, as well as finance, insurance, real estate and leasing. Total employment gains were partially offset by losses in business, building and other support services, as well as educational services.
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