Canada's Unemployment Rate Unchanged at 7.3% in August

After a decline in July, employment rose by 34,000 in August, the result of an increase in part-time work. The unemployment rate held steady at 7.3%., Statistics Canada 9/7/2012 1:54:39 PM

In August, there was added employment in transportation and warehousing; professional, scientific and technical services; business, building and other support services as well as in natural resources. At the same time, there were fewer people employed in construction as well as information, culture and recreation.

Employment increased among employees and was little changed among the self-employed in August. On a year-over-year basis, public sector employment increased 1.9% and the number of private sector employees rose 1.0%, while self-employment was unchanged.

In August, there was an increase in employment among people aged 55 and over, while it fell among youths aged 15 to 24. Following a decline in July, employment among women aged 55 and over increased by 46,000 in August, bringing year-over-year gains to 97,000 (+7.1%). The unemployment rate for this group fell by 0.9 percentage points to 5.2% in August. This summer, the average employment rate from May to August for students aged 15 to 24 was 47.9%, down from 49.1% last summer.