AFP, Ottawa :
The Canadian economy created 26,000 jobs in August, a bit better than expected amid a struggling economy, and the unemployment rate ticked higher to seven percent, the government said Friday.
The increase in unemployment occurred because “more people participated in the labor market,” Statistics Canada reported.
Economists had predicted 25,000 new jobs and a decline in the jobless rate to 6.8 percent from 6.9 percent in July.
The lackluster jobs numbers come at a rough moment for the Canadian economy, which contracted at an annual rate of 1.6 percent in the second quarter following a large drop in oil production caused by wildfires in the Alberta oil-sands region.
The Canadian economy created 26,000 jobs in August, a bit better than expected amid a struggling economy, and the unemployment rate ticked higher to seven percent, the government said Friday.
The increase in unemployment occurred because “more people participated in the labor market,” Statistics Canada reported.
Economists had predicted 25,000 new jobs and a decline in the jobless rate to 6.8 percent from 6.9 percent in July.
The lackluster jobs numbers come at a rough moment for the Canadian economy, which contracted at an annual rate of 1.6 percent in the second quarter following a large drop in oil production caused by wildfires in the Alberta oil-sands region.
