The Globe and Mail reports in its Saturday edition that the Canadian labour market is continuing to weaken as an influx of job seekers struggle to find work, driving up the unemployment rate to multiyear highs. The Globe's Matt Lundy writes that the economy added 22,000 jobs in August, following small declines in June and July, Statistics Canada reported on Friday. Still, this growth could not stop the unemployment rate from rising to 6.6 per cent from 6.4 per cent in July. The jobless rate has risen nearly two percentage points from a record low in 2022. The Canadian labour market has been characterized by a particular trend of late: Employers have dialled back their hiring as they contend with much higher interest rates than a few years ago, but there is a strong infusion of job seekers via immigration. Over the past year, employment has grown by 1.6 per cent for those 15 and older, while the population in the equivalent age bracket has risen by 3.5 per cent. "The overall message from this report is that slack is building, very much keeping the Bank of Canada on an easing path, with a growing chance of a more forceful pace to those cuts," said Doug Porter, chief economist at Bank of Montreal, in a client note.