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Canada’s job growth ‘relatively modest’ in August: ADP

September 20, 2018

Employment in Canada rose by 13,600 jobs in August from July, according to the ADP Canada National Employment Report. Additionally, job gains in July were revised upward to 35,500 jobs from the previously reported gain of 11,600 jobs.

“Job growth in August was relatively modest,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute. “Despite a pullback in natural resources and mining and the information industry, we saw strong growth in finance, construction, and manufacturing. For the first time in nearly six months the finance space added a substantial amount of jobs.”

In the goods-producing sector, construction and manufacturing jobs rose by 4,000 and 2,200 respectively, while natural resources and mining jobs decreased by 1,100.

Jobs in “other services” — which Includes public administration — led gains in the service-providing sector, up by 4,800, followed by gains of 4,000 jobs each in the finance/real estate and construction segments.

On the flip side, information jobs fell by 1,100, followed by professional/business services jobs, down by 600.

The ADP Research Institute produces the report in close collaboration with Moody’s Analytics Inc. Derived from actual ADP payroll data, the report measures the change in total nonfarm payroll employment each month on a seasonally adjusted basis.