The Canadian financial system created practically 1 / 4 million new jobs in August, persevering with to regain floor misplaced to the COVID-19 pandemic, in accordance with the most recent Labour Power Survey from Statistics Canada.
In development, nevertheless, employers hit pause after months of robust rehiring. The business added 4,500 jobs in August, including 0.three per cent to its workforce. This compares to positive factors of two.5, 6.7 and 6.three per cent in July, June and Might, respectively.
Regardless of the slower August, the constructing sector has weathered the pandemic much better than most. After appreciable April job losses, staffing ranges within the business have returned to about 91 per cent of their pre-COVID-19 highs.
Yr over yr, the variety of employees employed in development is down 103,700, or seven per cent, from August 2019.