Today Statistics Canada released its monthly Labour Force Survey and the results are slightly more positive than economists had anticipated. There were 35,800 jobs created in August and the unemployment rate edged up a tenth of a percentage point to 8.1%, due to higher participation in the labour market. The Canadian job market has now regained nearly all of the jobs lost during the recession, however, the unemployment rate is roughly 2 per cent higher than it was prior to the start of the decline. This may be partly…
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