Canada's Unemplyment Rate Up to 7.3% in July

Following two months of little change, employment in July declined by 30,000, the result of losses in part-time work. The unemployment rate rose 0.1 percentage points to 7.3%., Statistics Canada 8/10/2012 1:51:32 PM

Compared with 12 months earlier, employment increased 0.8% or 139,000, with full-time employment up 1.4% while part-time employment declined 1.8%. Total number of hours worked increased 1.2% over the same period.

Employment losses in July were in wholesale and retail trade; professional, scientific and technical services; public administration; and natural resources. These losses were partly offset by gains in information, culture and recreation as well as in finance, insurance, real estate and leasing.

In July, employment declined in Quebec, British Columbia, Manitoba as well as in Newfoundland and Labrador, while it increased in Prince Edward Island. There was little change in the other provinces.

Losses were concentrated among women aged 55 and over, while employment was virtually unchanged among the other major demographic groups.

There was little change in employment in both the public and private sectors in July. Compared with 12 months earlier, employment in the public sector increased by 2.1%, while private sector employees and self-employment were little changed.