News Summary: Canadian economy adds 34,300 jobs

AP News
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Posted: Sep 07, 2012 11:51 AM

THE GOOD NEWS: The Canadian economy added 34,300 new jobs in August, topping expectations of only modest gains and reversing the previous month's setback, Statistics Canada reported.

THE BAD NEWS: The reporting agency said all the gains were part-time jobs, which added 46,700 employees, while there were 12,500 fewer full-time workers.

STANDSTILL: The unemployment rate remained unchanged at 7.3 percent, where it has been for most of the past year, as the labor force grew in step with the employment gains.