As far as recession indicators go, this is far more reliable than any GDP measures.
Canada’s unemployment rate was 5.4 per cent in August, ticking up for the first time in seven months.
The economy lost 40,000 jobs last month, Statistics Canada reported in its latest labour force survey, with the losses concentrated in the public sector.
In July, the unemployment rate was 4.9 per cent, the lowest rate since comparable data first became available in 1976.



