By Dow Jones Business News, September 05, 2014, 08:45:00 AM EDT
OTTAWA--Canada shed jobs in August after the previous month's gain of nearly 42,000, led by the biggest decline on record in private-sector positions, Statistics Canada said Friday.
Employment in Canada declined by a net 11,000 positions in August, whereas market expectations were for a gain of 10,000 jobs, according to economists at Royal Bank of Canada. The unemployment rate in August was 7%, unchanged from the previous month and matching consensus, as Canadians dropped out of the labor force and stopped looking for work.
According to the data, Canada shed 111,800 private-sector jobs in August, the largest one-month decline on record for this category. This was offset by a 14,000 gain in public-sector payrolls, and a surge of 86,900 among the ranks of the self-employed.
Write to Paul Vieira at paul.vieira@wsj.com
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DATA SNAP: Canada Sheds 11,000 Jobs in August
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