Canada Job Creation Surges in July

Irving Hamilton
August 13, 2018

The loss of 3,700 jobs is the largest single-month drop locally since November 2015.

In total there were 34,700 who were unemployed in July, up from 34,400 in June.

Meanwhile, the closely watched tech sector collectively shed 2,800 employees.

While the nation added 54,000 jobs last month, those gains were led by part-time jobs (+82,000). Secondly, they point out how the public sector accounted for a large chunk of the increase at 49,600, while the private sector only tallied up 5,200.

Despite that growth in the job market, only an estimated 200 jobs were added since end of July 2017.

Shenfeld added that there are "lots of reasons to question just how good the data really are here".

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Calgary's rate increased slightly from 7.7 per cent to 7.9 per cent. CIBC predicts the next rate increase will land in October.

In contrast, employment fell in most goods-producing sectors, specifically manufacturing, construction and natural resources.

It isn't expected to be earth shattering news as estimates suggest about 15,000 jobs were created last month.

The Capital Region's jobless rate ticked up slighting to 4.5 per cent in July, from the 4.4 per cent it stood at in June, Statistics Canada has reported. The education jobs fuelled much of the gain in Ontario, Statistics Canada said.

Most of the new jobs went to women and were concentrated in three provinces: British Columbia, Ontario and Newfoundland. Employment rose in a number of services-producing industries: educational services; health care and social assistance; information, culture and recreation; and the "other services" industry.

The increase comes as the employment rate declined from 63.5 per cent in June to 63.1 per cent in July, as 11,800 fewer people were employed in the region, according the federal statistics agency's monthly Labour Force Survey.

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