Canada Unemployment Rate Falls to 7% in July


Canadian jobless rate fell to 7.0 percent in July of 2014, from 7.1 percent in the previous month, as the number of jobseekers fell.

Overall employment was unchanged in July, as gains in part-time work were offset by losses in full time. In the 12 months to July, employment increased by 115,000 or 0.7 percent, with all the growth in part-time work. 

The total hours worked were unchanged compared with July of 2013. 

Employment increased among youths aged 15 to 24 in July, while it fell among people aged 55 and over.

Provincially, employment increased in Newfoundland and Labrador as well as Manitoba, while it declined in New Brunswick. There was little overall employment change in the other provinces.

In July, there were more people employed in educational services and in information, culture and recreation. At the same time, employment declined in construction as well as health care and social assistance.

Canada Unemployment Rate Falls to 7% in July


Statistics Canada | Isabel Felino | isabel.felino@tradingeconomics.com
8/8/2014 1:55:53 PM