- Analytics
- News and Tools
- Market News
- Canada adds 418,500 new jobs in July; unemployment rate decreases to 10.9 percent
Canada adds 418,500 new jobs in July; unemployment rate decreases to 10.9 percent
Statistics
Canada reported on Friday that the number of employed people surged by 418,500
m-o-m in July (or +2.4 percent m-o-m) after an unrevised climb of 952,900 m-o-m
in the previous month. Economists had forecast an increase of 400,000 m-o-m.
Meanwhile,
Canada's unemployment fell to 10.9 percent in July from 12.3 percent in June, slightly
better than economists’ forecast for 11.0 percent.
According to
the report, full-time employment rose by 73,500 (or +0.5 percent m-o-m) in July,
while part-time jobs jumped by 345,300 (or +11.3 percent m-o-m).
In July, the
number of public sector employees increased by 48,900 (or +1.3 percent m-o-m),
while the number of private sector employees surged by 375,800 (or +3.5 percent
m-o-m). At the same time, the number of self-employed fell by 6,200 (or -0.2
percent m-o-m) last month.
Sector-wise,
employment increased both in goods-producing (+1.9 percent m-o-m) and
service-producing (+2.5 percent m-o-m) businesses.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
