A Sour Note in the Economy: Canada's Unexpected Job Losses The latest jobs report from Statistics Canada has left economists and policymakers perplexed, as 42,000 jobs vanished unexpectedly in August.
This decline is a stark contrast to predictions of a modest gain of 15,000 jobs made by experts just weeks prior. Quebec was hit the hardest, with a loss of 19,000 jobs, followed closely by Ontario's 18,000 job losses.
However, upon closer inspection, it becomes clear that the public sector is where the damage lies – down by 20,000 workers for the third consecutive month.