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Loss 41,000 jobs july canada:
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. However, 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%). Furthermore, 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 September 2010.
Several sectors have experienced a notable loss 41,000 jobs july canada decline. The most important losses have been recorded in the information, culture and leisure sectors (-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 few variations.
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 — Loss 41,000 jobs july canada: 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 remained stable at 6.9%, according to Statistics Canada. Employment remained stable in Quebec, after .
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