Canada lost 45,000 more jobs in July
Canada's jobless rate remained steady at 8.6% in July. Statistics Canada released the figures this morning. 45,000 jobs were lost, this didn't change he overall jobless rate as some people dropped out of the job market or gave up looking for work.
Most of the jobs were lost in Quebec in the manufacturing industry. Saskatchewan and Newfounland Labrador lost a few jobs, while the remainder of the provinces remained unchanged.
The tourist trade was affected in the job figures. 22,000 jobs were lost in accommodation and food services, while 24,000 jobs were gained in wholesale trade. The construction trades lost 18,000 bringing the total to 120,000 since October. Manufacturing has dropped 218,000 since October.
Self Employment continues to rise, adding 35,000 jobs last month.
Canada's jobless rate remained steady at 8.6 per cent in July, even as the country lost about 45,000 jobs, Statistics Canada said Friday.
The unemployment rate remained unchanged from June as people gave up looking for work and dropped out of the labour market.
Economists had been forecasting the country would lose about 20,000 jobs for the month and that the unemployment rate would bump up to 8.8 per cent.
Self-employment continued to rise last month, adding 35,000 jobs. Since October, self-employment has gone up by 70,000.
Employment fell by 22,000 in accommodation and food services in July, while retail and wholesale trade was up by 24,000. Construction sector employment decreased by 18,000 in July, bringing total losses since October to 120,000, while employment in manufacturing was little changed. Since October 2008, manufacturing employment has dropped by 218,000, or 11.1 per cent.