Canada lost 42,000 jobs in August 2026, pushing the national employment rate down 0.1 percentage points to 60.8%, according to Statistics Canada's latest Labour Force Survey.

Despite the employment decline, the unemployment rate held steady at 6.4%, following three consecutive monthly declines in May, June and July. Employment fell by 19,000 among youth aged 15 to 24 and declined in business, building and other support services, public administration, natural resources, and utilities.

Manufacturing, meanwhile, gained 22,000 jobs. Employment declined by 19,000 in Quebec and edged down by 18,000 in Ontario. Average hourly wages rose 2.0% year over year to $37.02

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