Canada’s economy gave a huge surprise on Friday, by adding 12.000 jobs. The number has almost doubled compared to the previous month and is considerably larger than what economists had expected. It’s a clear sign of recovery, after having slowed down for the first half of the year, and it’s the first consistent job gain since last fall, when the price of oil started to drop.
Most new positions are concentrated in Manitoba, New Brunswick, Saskatchewan, Newfoundland and Labrador. Jobs in education and natural resources have increased, whereas in construction and manufacturing the growth was not as strong. Nevertheless, what’s important is the fact that even industries which are not fully recovered are hiring at the moment. Most of the new jobs are full-time, which brings a difference from July when part-time jobs ranked first.
Over the last 12 months, Canada’s economy has added a total of 193.000 jobs. 115.000 were added this year.
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