Canada’s jobs down -2.8k in Jul, unemployment rate unchanged at 6.4%

Canada’s employment fell -2.8k in July, much worse than expectation of 26.9k growth. The 62k rise in full-time work was offset by -62k decline in part-time work. Employment rate fell -0.2% to 60.9%. Unemployment rate was unchanged at 6.4%, below expectation of 6.5%. Labor participation rate fell -0.3% to 65.0%. Average hourly wages among employees […]

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