There was a further decrease in employment insurance beneficiaries in August, Statistics Canada said Thursday.

The 9,600 fewer beneficiaries represents a 1.8% decrease and takes the total nationwide to 524,000. The downward trend began in October 2016.

Manitoba saw the largest decline (-8%) followed by Alberta (-4%), PEI (-2.6%), New Brunswick (-2%), Newfoundland & Labrador (-1.9%), Ontario (-1.5%), Nova Scotia (-1.2%) and Quebec (-1.1%). There was an increase of 1.9% in Saskatchewan and no change in British Columbia.

Year-over-year there was an 8% decline in EI claimants.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: