Canada Adds 54,100 Jobs in July
The economy generated 54,100 net new jobs last month and saw its unemployment rate fall – but the headline improvements overshadowed weaker details: a rush of new part-time, public sector positions and a drop in full-time work.
The overall July increase in jobs pushed the unemployment rate back to its four-decade low of 5.8 per cent, down from six per cent the previous month, Statistics Canada’s latest labour force survey said Friday.
But a closer look at the numbers revealed that the country gained 82,000 less desirable, part-time positions last month — and it lost 28,000 full-time jobs. The public sector made the biggest contribution to the July increase with 49,600 new jobs, while the private sector added 5,200 positions.
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