Canada August employment falls about 42,000; labor supply cited
Canada employment dropped about 42,000 in August, which Ali Jaffery of KPMG Canada called likely a labor-supply story. He said unemployment rose about 4,800 while the labor force contracted 37,000.
The roughly 42,000 drop in Canadian employment in August is likely a labor-supply story, reflecting flat population growth, says Ali Jaffery, KPMG Canada's chief economist.
Jaffery says the level of unemployment increased slightly in August, up 4,800, whereas the labor force contracted 37,000. "Tha…