Canada loses 66,000 jobs in August: Here’s why the labour market is slowing down
Canada lost 66,000 jobs in August 2025, driven by a sharp decline in part-time work, pushing the unemployment rate to 7.1%—the highest since 2016, excluding pandemic years. Core-aged workers were hit hardest, with notable losses in manufacturing, tech, and transport sectors. Youth unemployment remained elevated, particularly among returning students. Ontario led provincial declines. Wage growth…
