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The True July Job Report for Canada – Employment rose by 42,000 and unemployment at 7.0%

Employment rose by 42,000 in July, the result of an increase in part-time work (+60,000). The unemployment rate declined 0.1 percentage points to 7.0%.

In the 12 months to July, employment increased by 157,000 or 0.9%, with most of the growth in part-time work. The total hours worked were up slightly (+0.3%) compared with July 2013.

Chart 1 Employment

In July, employment increased among people aged 25 to 54 and youths aged 15 to 24, while it fell among people aged 55 and over.

Provincially, employment increased in Ontario and Newfoundland and Labrador, while it declined in Nova Scotia and New Brunswick.

Adjusted to the concepts used in the United States, the unemployment rate in Canada was 6.1% in July, compared with the US rate of 6.2%.

Chart 2 Unemployment rate

Chosen excerpts by Job Market Monitor. Read the whole story at  The Daily — Labour Force Survey, July 2014 (corrected).

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