Canadian Unemployment Rate Edges Up to 7.2% in July


In July, Canada's jobless rate rose 0.1 percentage points to 7.2 percent and employment decreased by 39,000 persons. The decrease in employment was driven by the public sector which lost 74,000 jobs mostly in health care and social assistance.

Employment declines were concentrated among youths aged 15 to 24 (-46,000), as a result of less hiring this July compared with previous months of July. There were also declines among women aged 55 and over (-16,000), while there was little change among people aged 25 to 54 and men aged 55 and over.

Employment was down in health care and social assistance (-47,000), public administration and information (-23,000) and culture and recreation (-21,000). These declines were partly offset by gains in business, building and other support services (+29,000). There were fewer people working in the public sector in July, while there was little change in the number of private sector employees and the self-employed.

Since July 2012, employment has increased 1.3 percent (+226,000). At the same time, the number of hours worked has grown 0.7 percent, as part-time employment rose at a faster pace than full time (+2.2% versus +1.1 percent).

Canadian Unemployment Rate Edges Up to 7.2% in July


Nuno Fontes | nuno@tradingeconomics.com
8/9/2013 6:25:07 PM