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The economy added 90,000 jobs in August, while the unemployment rate fell to 7.1% for the month

However, the jobless rate remains elevated during the pandemic

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America's employers added just 235,000 jobs last month

Canada's job vacancy rate reached 5% with unfilled positions in hospitality and retail

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Taking population growth into account, CIBC says Canada's employment gap is around 650,000

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Service sector employment rose in June, but job vacancies abound, StatsCan says

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Yet, July's job gains were seen primarily in Ontario and in the service sector

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The agency projects young people entering the job market now could see lower earnings

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RBC warns that labour shortages are set to rise as retirements resume and more people are willing to leave their jobs

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The number of part-time positions rose, while full-time jobs lagged