Canada sees gains in part-time, youth employment as wage growth slows

Statistics Canada

Canada's economy posted a job surge last month of 81,100 net new positions, the bulk of which were part time, in the services sector and picked up by young people.

Statistics Canada says that even with the increase the August unemployment rate stayed at 5.7%, near a four-decade low, as more people looked for work.

Year-over-year average hourly wage growth for all employees slowed to 3.7% last month, decelerating from July's 4.5% pace that was the strongest monthly reading since January 2009.

The agency's latest labour force survey says the country saw a rush last month of 73,300 new positions in services industries and a boost of 94,300 jobs in the private sector.

The report says 57,200 of the new jobs were part time and 42,000 of the positions were held by young workers aged 15 to 24 years old.

Economists had expected an addition of 15,000 jobs and an unemployment rate of 5.7%, according to the financial markets data firm Refinitiv.

In Nova Scotia, the unemployment rate was up 0.4% to sit at 7.9%

The provincial economy gained two thousand net part-time jobs, but lost 400 net full-time positions.

(With files from Bell Media's Charles Renshaw)