Northeast unemployment drops to 5.2%

JOBS-Chart3-Sept8

The jobless rate dipped slightly from 5.6 to 5.4 per cent in London and more drastically in Hamilton, where it dropped from 5.4 per cent to 4.6 per cent.

Over the year, full-time employment increased by 213,000 and 1.5% while part-time jobs increased 4.6% over the year.

Canada's industrial capacity utilization rate hit a near 10-year high in the second quarter, with mining and the energy sector leading the way.

"We just have to see whether it continues", Ferley said. Wage growth has been muted despite solid gains in the labor market.

There was also a renewed gain in finance and real-estate jobs for the month while jobs in the trade sector declined.

Advertisment It wasn't a spectacular rise, but Canada's economy added 22,000 jobs last month, with a surge in part-time work offsetting a loss of full-time jobs. Everywhere else, the economy either lost or gained a small number of jobs.

The agency said most of the decline in full-time work was concentrated among young Canadians aged 15 to 24 years old.

In a labour force of 40,300, the region had 38,100 people employed and 2,100 unemployed in August.

Provincially, Ontario was the lone province with a notable employment gain in August.

"While very solid on the surface, the details of this report are generally sluggish, leaving a mixed bag", BMO chief economist Doug Porter wrote in a research brief for clients. The headline job numbers were little changed in the other provinces.

The streak of nine-straight months of job creation marked Canada's longest run since February 2008, when employment rose for a 10th-consecutive month.

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