PEI’s unemployment rate fell in August to 8.8 per cent according to figures released by Statistics Canada on Friday.
That’s down from an even 10 per cent in July.
Nationally, Canada’s labour market posted its ninth-straight month of job gains in August to give the economy its longest monthly growth streak since before the financial crisis nine years ago.
Stats Canada says last month’s increase of 22,200 jobs also helped nudge the unemployment rate down from 6.3 per cent in July to a nine-year low of 6.2 per cent.
But the data shows last month’s growth was fuelled by less-desirable work as the economy gained 110,400 part-time jobs and shed 88,100 full-time positions.