Statistics Canada to release labour force survey for August today
Trade uncertainty and new U.S. tariffs are weighing on hiring as youth unemployment rises to 12.9% and wages cool, Statistics Canada said.
- Canada's labour market stalled in August, with Statistics Canada reporting a loss of 42,000 jobs on Friday, ending a hot streak that added 181,000 positions from April through July.
- The decline occurred as the United States imposed 50% tariffs on about $28 billion of Canadian goods, escalating a trade war that began last month.
- Manufacturing added 22,000 jobs, but service-producing industries shed 51,500 positions, while youth unemployment edged up to 12.9%.
- Average hourly wage growth cooled to 2% in August from 3% in July, while the national unemployment rate held steady at 6.4%.
- Canada's retaliatory tariffs take effect next week; The Bank of Canada warns that uncertainty may lead businesses to delay investment and hiring decisions.
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B.C. Government's take on Labour Force Survey
ADRIAN Dix, acting Minister of Jobs and Economic Growth, on Friday said in a statement on the release of Statistics Canada’s Labour Force Survey for August 2026: “People and businesses in British Columbia continue to show their steady strength and resilience as new and continuing tariffs from U.S. President Donald Trump create unjustified challenges in […]
August jobs report ‘disappointing’ but too soon to sound the alarm: economists
OTTAWA — Economists weren't ringing any alarm bells after fresh data showed the labour market broke its hot streak with a loss of 42,000 jobs in August. The unemployment rate held steady at 6.4 per cent last month, Statistics Canada said Friday. August...
Canada loses 42,000 jobs in August as unemployment rate holds at 6.4%
Economists weren't ringing any alarm bells after fresh data showed the labour market broke its hot streak with a loss of 42,000 jobs in August. The unemployment rate held steady at 6.4 per cent last month, Statistics Canada said Friday. August’s losses fell short of economists’ expectations for a gain of 15,000 positions. Heading into last month, employers had been expanding payrolls at a steady pace. The economy added 181,000 positions from Apr…
Elora Fergus Today
August jobs report 'disappointing' but too soon to sound the alarm: economists
OTTAWA — Economists weren't ringing any alarm bells after fresh data showed the labour market broke its hot streak with a loss of 42,000 jobs in August. The unemployment rate held steady at 6.4 per cent last month, Statistics Canada said Friday.
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