Jobless rate falls to 7.2%

Economy adds 7,100 new jobs in July, StatsCan reports

Canada’s economy showed conflicting numbers in July, as its jobless rate fell to 7.2 per cent while the economy added 7,100 new jobs. Statistics Canada said Friday that the main reason the unemployment rate dropped is because nearly 29,000 people left their jobs and weren’t looking for work anymore. However, employment gains were weaker than the 15,000 to 20,000 new jobs analysts were expecting. Ontario saw posted job losses in July, while Alberta and Newfoundland and Labrador reported job gains. The other provinces’ job rates remained unchanged.

CBC News

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