Job Report in Canada, July 2017 – Little change in employment and unemployment declines to 6.3%

Following two months of notable increases, employment was little changed in July (+11,000 or +0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3%. This is the lowest rate since October 2008, just prior to the onset of the 2008-2009 labour market downturn.

In the 12 months to July, employment rose by 388,000 (+2.1%), mostly the result of increases in full-time work (+354,000 or +2.4%). Over this period, the number of hours worked increased by 1.9%.

Chart
Unemployment rate

Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour Force Survey, July 2017