Montreal unemployment rate inches up in July

13 August, 2018, 01:58 | Author: Billie Castillo
  • 'Another head scratcher': ​Canada adds 54100 jobs in July

That's still down from the 47,200 that were unemployed in the region in July 2017. In Alberta, unemployment held steady with a rate of 6.7 per cent up from June's 6.5 per cent.

According to Statistics Canada, a total of 124,200 people reported they were employed in a part-time position, a drop from the 128,300 that reported being part-time workers in July.

Month-over-month, both the number of people working and the number of unemployed increased due to gains in the local labour pool.

Nationally, Statistics Canada says the country added 54,100 jobs in July and the national unemployment rate fell to 5.8 per cent.

Canada's jobless rate returned to four- decade lows in July on stronger-than-expected employment gains. These gains were largely attributed to an overall growth in the number of part time jobs available. However, the contraction is only a small dent in the region's tight jobs market, which has added 16,400 positions since the start of the year and sports an unemployment rate of 4.5 per cent, up from 4.4 per cent in June.

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Part-time employment jumped by 82,000 jobs while 28,000 full-time positions were shed.

"In the wacky world of Canada's monthly employment numbers, July came up with another head scratcher, with some big headlines but some disappointments in the fine print. there are lots of reasons to question just how good the data really are here", said Avery Shenfeld, chief economist at CIBC Economics.

On the Bank of Canada, he said, "We're still a ways away from the next Bank of Canada rate decision, but with this first glimpse of third quarter activity kicking things off more or less on the right foot, the conditions remain right for further rate increases".

Average hourly wages in July, a figure watched closely by the central bank, rose by 3.0 percent from a year earlier. 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.

Overall, the goods-producing sector lost 36,500 jobs in July, with a notable loss of 18,400 positions in manufacturing and a drop of 12,300 in construction.

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