Canada's Unemployment Rate Declines to 7.2% in July


The unemployment rate declined by 0.2 percentage points to 7.2%, as fewer people participated in the labour market. Following three consecutive months of increases, employment was little changed in July.

Employment increased by 252,000 (+1.5%) compared with July 2010, with the growth in full time and among private sector employees.

In July, employment increased in construction, transportation and warehousing as well as retail and wholesale trade. At the same time, there were decreases in health care and social assistance; educational services; business, building and other support services; natural resources as well as agriculture.

An increase in the number of private sector employees was offset by a decline in the public sector.

There were more people working in Alberta and in Newfoundland and Labrador in July, while there was a decline in Ontario. There was little or no change in the other provinces.

In July, younger students aged 15 to 16 experienced more difficulty finding work than their older counterparts. Their unemployment rate was similar to that of July 2009, while the rate for students aged 20 to 24 dropped by half.


TradingEconomics.com, Statistics Canada
8/5/2011 12:14:22 PM