Friday, 19 April, 2019

PA adds jobs, but unemployment rate up

'Another head scratcher': ​Canada adds 54100 jobs in July Montreal unemployment rate inches up in July
Ginger Lawrence | 13 August, 2018, 02:00

Despite that growth in the job market, only an estimated 200 jobs were added since end of July 2017. In Alberta, unemployment held steady with a rate of 6.7 per cent up from June's 6.5 per cent.

According to Statistics Canada, there were a total of 741,200 people employed in Ottawa and Gatineau last month, a loss of 3,700 jobs from June.

Nationally, Statistics Canada says the country added 54,100 jobs in July and the national unemployment rate fell to 5.8 per cent. The economy added more than 54,000 jobs last month and the unemployment rate is now at 5.8 per cent.

On the Bank of Canada, he said, "We're still a ways away from the next Bank of Canada rate decision, but with this first glimpse of third quarter activity kicking things off more or less on the right foot, the conditions remain right for further rate increases".

Professional scientific and technical services, the goods producing sector and the construction industry all reported drops in overall employment between June and July.

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The gap shows the national average unemployment rate is nearly one per cent lower than Alberta. The bulk of the job creation was in the public sector.

"The labour market remains robust and there is easily enough here to convince the Bank of Canada to maintain its gradual tightening campaign - there's just not enough to get it to accelerate the schedule", BMO chief economist Doug Porter said in a note to investors.

The national average saw a 0.2 per cent change from last month's figures as well - but in the opposite direction.

Compared with a year earlier, overall employment was up 1.3 per cent following the addition of 245,900 jobs for an increase driven by 210,500 new full-time positions. The report said the main cause of the drop was due to the fact fewer young people were looking for work.