Moreover,
Loss 41,000 jobs july canada new:
In July, the Canadian economy recorded a net loss of 41,000 jobs, a drop of 0.2 %, retreating the employment rate to 60.7 %. In addition, The unemployment rate remained stable at 6.9 %, according to Statistics Canada.
Employment remained stable in Quebec, after having increased by 23,000 (+0.5 %) in June. Moreover, The unemployment rate decreased by 0.8 percentage points to be 5.5 % in July, due to a drop in the number of people looking for work.
The contraction of the labor market was mainly marked among young people aged 15 to 24, with 34,000 missing positions (-1.2 %). Moreover, Employment has been practically unchanged for workers aged 25 to 54 and for those aged 55 and over.
The unemployment rate of young people increased slightly to 14.6 % in July. This is the highest rate observed since loss 41,000 jobs july canada new September 2010.
Several sectors have experienced a notable decline. The most important losses have been recorded in information, culture and leisure (-29,000 jobs; -3.3 %) as well as in construction (-22,000; -1.3 %).
On the regional level, Alberta (-17,000; -0.6 %) and British Columbia (-16,000; -0.5 %) were the most affected, while Saskatchewan recorded an increase of 3,500 jobs (+0.6 %). The other provinces have experienced little variation.
The total hours worked fell slightly 0.2 % over a month, but remains up 0.3 % over one year. Additionally, The average hourly salary reached $ 36.16, up 3.3 % (+$ 1.17) compared to July 2023.
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loss 41. 000 jobs july canada new — Loss 41,000 jobs july canada new: In July, the Canadian economy recorded a net loss of 41,000 jobs, a drop of 0.2 %, retreating the employment rate to 60.7 %. The unemployment rate loss 41,000 jobs july canada new remained stable at 6.9 %, according to Statistics Canada. Employment remained stable in Quebec,.
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