Part-Time Employment: Unemployment Rate

unemployment rate: The S P/TSX composite index slipped 24.14 points to 12,820.92 and the Canadian dollar surged almost a full US cent, according to CTV. But the growth was mainly for part-time employment as the unemployment rate fell to 7.1 per cent in August from 7.2 per cent the previous month and TORONTO -- The Toronto stock market closed slightly lower Friday amid nervousness about possible military intervention in the Syrian civil war and speculation about what the Federal Reserve might do about a key stimulus program in the wake of the latest employment data. The loonie found some support from a Canadian jobs report, which beat expectations. The currency was off the session highs but still ahead 0.89 of a cent to 96.07 cents US as Statistics Canada reported that the economy created 59,000 positions last month. (www.immigrantscanada.com). As reported in the news.