Canadian hiring bounces back, adds 26000 new jobs

Canada's economy added more jobs than expected in August, recovering some of the positions lost in recent months on increased hiring in the construction and service sectors, data from Statistics Canada showed on Friday.

Thomson Reuters had reported economists had expected a gain a 15,000 jobs and the unemployment rate to hold steady at 6.9 per cent.

The public sector increased by 57,000 positions due to an increase in public administration, while the private sector gained a minor 8,300 jobs.

The federal jobless rate rose as more people entered the labour force and started looking for work. This matched market expectations.

The highest rate in the country was in St.John's Newfoundland where 12.4% of the population collected employment insurance benefits last month.

The decline came as a result of an increase in full-time employment - up 21,500 on a seasonally adjusted basis. The number of part-time jobs in August fell by 26,000 compared with a gain of 40,200 the previous month.

Turkish airstrikes kill 20 in Syria
There was no comment from USA officials about the escalation of fighting between the two sides-both of which are US allies. The Kurdish-led forces "must pull back to the east of the Euphrates".

Edmonton is now starting to feel the pain of steep net lost jobs that Calgary, Red Deer and the rest of the province has been experiencing for months, Rose said. The number of self-employed Canadians declined by 39,100.

Meanwhile, those 25 to 54 saw a decrease of 25,000 jobs for the month.

The Canadian economy created more jobs than forecasted in August: 26,200 positions, according to the latest report from Statistics Canada.

The economy contracted by an annualized 1.6 per cent in the second quarter of 2016, with much of the decline attributed to the Alberta wildfires that cut into oil production.

The strong numbers suggest Canada is indeed seeing an economic rebound in the third quarter of this year.

The Bank of Canada earlier this week said it still expects growth to rebound in the second half of the year, but warned the economy could be weaker than it had anticipated.

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