Canada: The unemployment rate in July declined by 0.2 percentage points to 5.8%.
|"Employment rose by 54,000 in July, driven by gains in part-time work. The unemployment rate declined by 0.2 percentage points to 5.8%," Statistics Canada announced on Friday.
Key quotes
- In the 12 months to July, employment grew by 246,000 (+1.3%).
- These gains were largely the result of growth in full-time work (+211,000 or +1.4%).
- Over this period, the total number of hours worked rose by 1.3%.
- The labour force participation rate in Canada (adjusted to US concepts) was 65.3% in July.
- On a year-over-year basis, the participation rate decreased by 0.3 percentage points in Canada.
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