Canada recorded a bigger-than-expected gain in employment in August as a jump in educational jobs retraced the previous month’s losses, while the country’s jobless rate increased as more people entered the workforce.
Employment rose by 35,800 jobs, the seventh gain in the last eight months, following a drop of 9,300 in July, Statistics Canada said today in Ottawa. The unemployment rate rose to 8.1 percent from 8 percent as 53,500 more people joined the labor force. Economists predicted 30,000 jobs would be created and a jobless rate of 8 percent, according to the median estimates in Bloomberg surveys.
