Top Stories· August 18, 2026 at 02:12 p.m.
Canada's Jobs Market Shows Signs of Recovery
Key takeaways
- Canada added over 200,000 jobs in August
- Unemployment rate dropped to 6.5%
- Growth was driven by full-time positions and construction industry
Canada's jobs market is showing signs of recovery, according to a report by CTV News. The country added over 200,000 jobs in August, with the unemployment rate dropping to 6.5%. This marks the fourth consecutive month of job gains, indicating a steady improvement in the labor market.
The growth was driven primarily by full-time positions, particularly in the service sector. The construction industry also saw significant growth, adding over 40,000 jobs.
'It's encouraging to see continued job growth across the country,' said a spokesperson from Employment and Social Development Canada. 'However, we must remain vigilant as the pandemic continues to impact various industries.'
The recovery in the jobs market is a positive sign for the overall economy, which has been struggling due to the COVID-19 pandemic.
As the economy continues to recover, experts predict further job growth in the coming months. However, they caution that the pace of recovery may vary across different sectors and regions.