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UPDATE 1-Canada adds jobs in August, but unemployment rate rises

Published 2015-09-04, 08:35 a/m
UPDATE 1-Canada adds jobs in August, but unemployment rate rises

(Adds data from report)
OTTAWA, Sept 4 (Reuters) - Canada's economy unexpectedly
added jobs in August, though the unemployment rate rose to its
highest level in a year as more people were looking for work,
data from Statistics Canada showed on Friday.
Canada added 12,000 jobs last month, surpassing economists'
expectations for a decline of 4,500 jobs. The unemployment rate
rose to 7 percent after sitting at 6.8 percent for six
consecutive months.
That was the highest level since it was at 7 percent in
August 2014. The participation rate edged up to 65.9 percent
from 65.7 percent.

The job gains came entirely from full-time employment, with
54,400 positions added, while 42,400 part-time jobs were lost.
The increases were led by the educational services and public
administration sectors.
The natural resources sector, which has been hurt by the
downturn in oil prices, added a modest 2,300 jobs. In Alberta,
where the country's vast oil sands are located, 4,700 jobs were
created, while the unemployment rate remained at 6 percent.
Canada fell into a modest recession in the first half of the
year as it has been hit by cheaper oil, but many economists, and
the Bank of Canada, expect growth will perk up in the latter
half of the year.

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