The Canadian economy shed 42,000 jobs in August, according to Statistics Canada, contrary to earlier projections by some economists.
The statistics agency said on Sept. 4 that the number of government workers fell by 20,000, declining for a third consecutive month, while the number of private sector jobs remained relatively unchanged.
The latest figures came in below some economists’ projections. A Reuters poll of economist had forecast a gain of 15,000 jobs in August, while RBC Economics had projected an increase of 5,000.
Youth saw a greater decline in employment compared to the core-age group of 25 to 54 year olds, with the former experiencing a drop of 19,000 jobs, and the latter 16,000….