The Canadian employment picture improved during the month of August, after struggling a month prior.
Data from Statistics Canada showed that employers added 34,300 jobs last month after July saw losses of 30,400. The figures also revealed that there were 46,700 new part-time jobs added to payrolls as well. The unemployment rate remained at 7.3 percent because more people began looking for work.
"Taken in the context of hiring in the last few months, today’s employment data are consistent with the trend of economic growth of roughly 2 percent or so," said Emanuella Enenajor, an economist at CIBC World Markets. "Although Canada’s hiring data were a positive, the lack of momentum in construction activity adds caution to the overall pace of the domestic economy."
While the private sector has been making progress, the Canadian government has been stepping up efforts to improve the job market for young people. In July, Canadian lawmakers said they would be putting more money into a youth job training program.