Canada Jobless Rate Rises to 6.9% in July
Canada's unemployment rate rose to 6.9 percent in July 2016 from 6.8 percent in June. The figure came in in line with markets expectations, as more people searched for work and the economy shed 31,200 jobs last month, the most since November.
8/5/2016 2:15:10 PM
Unemployment increased by 18,500 to 1,344,800, and employment went down by 31,200 to 18,023,300. Full-time employment declined by 71,400 while part-time added 40,200 jobs. Meantime, labour force fell by 12,800 to 19,368,000.
On a year-over-year basis, employment rose 0.4 percent (+71,400), with the gains coming from part-time work (+104,500 or +3.1 percent), while full-time lost (-33,100 or 0.2 percent).
Employment rose in British Columbia and New Brunswick, while it fell Ontario and Newfoundland and Labrador province with employment growth.
There were fewer people working in public administration (-24,000), while more were working in health care and social assistance (+28,000).
Public sector employment fell by 42,000 in July, while there was little change among private sector employees and self-employed workers.
The participation rate decreased to 65.4 percent from 65.5 percent in the previous month, staying at the lowest since November 1999.