Payroll employment, earnings and hours, and job vacancies, August 2026

The number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 49,600 (-0.3%) in August, after edging down by 15,700 (-0.1%) in July. On a year-over-year basis, payroll employment was up by 57,200 (+0.3%) in August.

Our take: StatCan data release. Verify how this changes your underwriting assumptions for this market.

In your underwriting: Confirm whether this release changes population, income, or demand assumptions in your deal file.

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