Unemployment Rate Steady at 5.5% in August as Economy Adds 40K Jobs: StatCan

People pass the Bank of Canada building on Wellington Street in Ottawa on May 31, 2022. The Canadian Press/Justin Tang

Canada’s labour market added 40,000 jobs last month and the unemployment rate held steady as economists watch for more signs of a slowdown.

Statistics Canada reported Friday the unemployment rate held at 5.5 percent in August, ending a three-month streak of rising unemployment.