Canada adds 75,000 new jobs in July, unemployment rate lowest in 2 years
Canada experienced a significant boost in employment in July, adding 75,000 jobs and reaching a two-year low in the unemployment rate. Gains were driven by the retail, wholesale, and professional services sectors, particularly among workers aged 25 to 54.
Why it matters
The data suggests a potential economic stabilization and positive momentum for the Canadian labor market, which is a key indicator for national economic health.
Statistics Canada's labour force survey released on Friday said most of those gains were split between full- and part-time work, as wholesale and retail trade alone added 21,000 new jobs.
The agency says employment rose for people aged 25 to 54, and mostly for women in that age group.
The unemployment rate held steady at 5.8 per cent for men aged 25 to 54, Statistics Canada says, while falling 5.2 per cent for women in that cohort.
Ontario added the most jobs of any province in July, with 52,000, or an increase of 0.6 per cent, mostly in the professional, scientific and technical services sector. British Columbia had a similar increase, with 18,000 new jobs.
Canada added 18,000 jobs in June as unemployment rate edged down
Manitoba's employment rate rose 0.8 per cent, adding 5,900 new jobs, while Nova Scotia's increased 0.8 per cent, thanks to 4,600 jobs.
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