Canada's unemployment in August unchanged month on month

Canada's jobs market surprises again with monster gain

Average hourly wage growth, year-over-year, for all employees was 3.7 per cent last month, down from a 4.5 per cent pace in July that was the strongest monthly reading since January 2009.

Unemployment in Northeast B.C. jumped up to 5.5% in August.

The higher unemployment rate was the result of more people looking for work in August, as the region's labour force - the number of people working and looking for work - went up last month.

The other three provinces that saw a notable increase in employment are Manitoba, Saskatchewan, and New Brunswick.

In Ontario, 58,000 jobs were filled and that province's unemployment rate remained unchanged at 5.6 per cent.

Analysts in a Reuters poll had forecast a gain of 15,000 jobs.

"I'm very excited and encouraged by these outstanding record-breaking employment rates", said Brantford Mayor Kevin Davis.

Kronwall retires after 15 seasons with Red Wings
He also became a part of the National Hockey League vernacular, with his punishing hits referred to as getting "Kronwalled". Kronwall had three goals and 24 assists in 79 games last season. "I was a 22-year-old kid when I came over from Sweden".

Meanwhile, B.C. saw its third straight month of job losses.

Even with the job growth, however, area employers report they have trouble filling positions, including jobs in the skilled trades, according the Workforce Planning Board of Grand Erie, which is holding a number of "appreciation events" this month to celebrate trades and launching a survey seeking input from businesses that employ trades and from tradespeople.

All of this is good news.

According to BNN Bloomberg, the report reaffirms expectations of the Bank of Canada, who believe that the increase in employment indicates "a certain amount of resilience to global trade headwinds, giving the central bank ammunition to buck the global easing trend". The Canadian dollar strengthened to a one-month high at 1.3179 to the dollar, or 75.88 cents USA, after the jobs gain.

"If the Bank of Canada was on the fence about cutting interest rates in October, today's jobs data would be one more shove in the direction of standing pat for now", Avery Shenfeld, managing director and chief economist of CIBC Capital Markets, wrote in a note to clients.

On a year-over-year basis, the province has created 250,000 jobs, a 3.5 per cent increase.

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