City
Epaper

Canada's employment drops in July

By IANS | Updated: August 6, 2022 12:25 IST

Ottawa, Aug 6 Canada's employment fell for the second successive month and the unemployment rate was unchanged in ...

Open in App

Ottawa, Aug 6 Canada's employment fell for the second successive month and the unemployment rate was unchanged in July.

Statistics Canada announced on Friday that employment was down 31,000 on a monthly basis mainly in the services-producing and the public sector, reports Xinhua news agency.

Meanwhile, the unemployment rate held steady at 4.9 per cent in July, matching the historic low reached in June, it said.

Statistics Canada added that the adjusted unemployment rate, which includes people who were not in the labour force but wanted to work, remained at 6.8 per cent in July, also matching its record low.

Total hours worked were down 0.5 per cent in July, after increasing 1.3 per cent in June.

Compared with a recent peak in March 2022, total hours worked were down 1.5 per cent in July.

The average hourly wages of employees were up 5.2 per cent on a year-over-year basis, matching the pace of wage growth recorded in June, according to the agency.

Market researchers said Canada's economy is losing steam and labour markets are expected to cool with the unemployment rate higher in the coming months.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: canadaXinhuaOttawaStatistics canadaIndia canadaNational imaEt canadaOttaCapital region
Open in App

Related Stories

InternationalCanada Election Result 2025: Mark Carney-Led Liberal Party Wins Elections

NationalBody of Indian Student Vanshika Saini Found on Ottawa Beach in Canada

InternationalLapu Lapu Festival Tragedy: 9 Killed, Several Injured After Man Drives Into Crowd at Filipino Festival in Vancouver

MumbaiFrom Andheri To Canada: Mumbai Police Arrests Five For Duping Canadians For Iphone

InternationalCanada: Indian National Stabbed to Death in Rockland, Suspect Arrested

Politics Realted Stories

MaharashtraPower Struggle in Maharashtra? Gulabrao Deokar, Satish Patil Join Ajit Pawar’s NCP Amid Mahayuti Rift

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill