Employers in Ottawa-Gatineau shed a net total of 3,300 jobs in August, and the unemployment rate dropped mainly because of a mass exodus of 12,100 people from the labour force.
Ottawa-Gatineau employers added more than 6,000 new jobs to their payrolls last month as the economy continued to pull out of a pandemic-fuelled downturn.
Ottawa’s economy added jobs for the eighth straight month, but the gains were accompanied by a surge in the number of residents entering or re-entering the labour force.
While the region's economy added 7,600 jobs, the labour force also jumped by an additional 10,200 as more people resumed their search for work, Statistics Canada says.
Employers added nearly 8,000 new jobs to their payrolls last month, StatsCan says, but those gains were offset by more people looking for work.
Region's jobless rate dropped to 6.5 per cent in February, down from 6.7 per cent the previous month and its lowest level since the start of the pandemic, StatsCan said Friday.
The Bank of Canada is encouraged by a broadening of economic strength, which includes gains across 70 per cent of industries, a top official said Monday, in what was widely seen as a "haw