Canada Adds 75,000 Jobs in July as Unemployment Falls to 6.4%, a 2-Year Low
Updated
Updated · CBC Sports · Aug 7
Canada Adds 75,000 Jobs in July as Unemployment Falls to 6.4%, a 2-Year Low
3 articles · Updated · CBC Sports · Aug 7
Summary
75,000 jobs were added in July, lifting employment 0.4% and pushing Canada's unemployment rate down to 6.4% from 6.5%, the lowest level in two years.
21,000 of those gains came from wholesale and retail trade, while hiring was split between full-time and part-time work and concentrated among people aged 25 to 54—especially women.
Ontario led provincial gains with 52,000 jobs, mostly in professional, scientific and technical services; British Columbia added 18,000, while Manitoba and Nova Scotia each rose 0.8%.
181,000 jobs have been added since April and 196,000 over the past year, reinforcing signs the labor market is stabilizing after a mild first-quarter contraction.
3.4% annualized GDP growth in the second quarter points to stronger momentum, though Trump's threat of 50% tariffs on many Canadian imports is clouding the outlook for employers.