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

MumbaiMumbai: Four Youths Duped of ₹14.72 Lakh with Fake Canada Job Promises

MumbaiMumbai: Canadian PM Mark Carney Landing Tomorrow, Bilateral Talks With PM Modi in Delhi Scheduled

CricketT20 World Cup 2026 Standings: Updated Points Table After Australia vs Oman Match

CricketT20 World Cup 2026 Standings: Updated Points Table After Afghanistan vs Canada Match

CricketAFG vs CAN LIVE Cricket Streaming: When and Where To Watch Afghanistan vs Canada T20 World Cup 2026 Match

Politics Realted Stories

PoliticsDevendra Fadnavis backs Sunetra Pawar in Baramati rally, says determined to bring out truth in Ajit Pawar plane crash

PoliticsKharge calls PM Modi "terrorist" during election campaign, later clarifies; BJP seeks apology, moves Election Commission

Politics"Give complaint if found": Senthil Balaji dismisses cash distribution allegations, says DMK will sweep Coimbatore

Politics"Did not call him terrorist, PM is terrorising politicians, candidates...tax terrorism is happening": Mallikarjun Kharge

PoliticsCampaign ends for first phase of assembly polls in West Bengal, political parties give last push