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- Canada’s economy adds 6,600 jobs in July
Canada’s economy adds 6,600 jobs in July
Statistics Canada released the labour market data on Friday. Canada's unemployment rate remained unchanged at 6.8% in July, in line with expectations.
The number of employed people fell by 6,600 jobs in July, beating expectations for a rise of 5,000 jobs, after a 6,400 decline in June.
The increase was driven by a rise in self- employed and part-time work. Self-employment rose by 40,500 jobs, while part-time employment climbed by 23,900 jobs.
Full-time employment declined by 17,300 in July.
The labour participation rate was 65.7% in July.
The Bank of Canada monitors closely the labour participation rate.
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