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Canada jobless rate unexpectedly rises to 5.7% in July

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Christian Fernsby |
Canada unemployment
Canada   Canada unemployment

The unemployment rate in Canada rose to 5.7 percent in July of 2019 from 5.5 percent in the previous month and compared with market expectations of 5.5 percent.

Topics: Canada jobless

It was the highest jobless rate since April, as the economy shed 24.2 thousand jobs led by both full-time (-11.6 thousand) and part-time jobs (-12.6 thousand).

While employment was little changed overall in July, it decreased in Alberta (-14,000), Nova Scotia (-6,200) and New Brunswick (-4,800), and increased in Quebec (+17,000) and Prince Edward Island (+1,000). Employment held steady in the other provinces.

There were fewer people working in wholesale and retail trade (-21,000); transportation and warehousing (-15,000); "other services" (-11,000); and natural resources (-8,700). In contrast, employment increased in construction (+25,0000) and public administration (+9,200).

The number of private-sector employees fell by 69,000 in July and the number of public-sector employees was little changed, while the number of self-employed workers increased by 28,000.

Employment declined in July both for youth aged 15 to 24 (-19,000) and for women in the core working ages of 25 to 54 (-18,000), while it increased for core-aged men (+22,000).

Youth unemployment rate increased 0.7 percentage points to 11.4% in July of 2019.

The labour force participation rate decreased to 65.6 percent in July from 65.7 percent in June.

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