Canada's Jobless Rate Falls to 6.8% in June


Canada's unemployment rate decreased to 6.8 percent in June 2016 from 6.9 percent in the previous month. It was the lowest reading July 2015 and well below markets expectations of 7 percent. Employment was unchanged (0.0 percent or -0.7 thousand) while the number of unemployed declined (-1.5 percent or -20.2 thousand).

Unemployment decreased by 20,200 to 1,326,300, and employment went sligtly down by 700 to 18,054,500. Full-time employment declined by 40,100 while part-time added 39,400 jobs. Meantime, labour force went down by 20,900 to 19,380,800.

On a year-over-year basis, employment rose 0.6 percent (+107,600), with the gains coming from both full-time work (+31,200 or +0.2 percent) and part-time (+76,500 or 2.3 percent). The unemployment rate rose from 6.8 percent to 7.1 percent. At the same time, the number of hours worked decreased by 0.1 percent. 

British Columbia was the only province with employment growth. The other provinces showed little change.

There were fewer people working in construction (-29,000); manufacturing (-13,000) and the 'other services' (-9,300). These losses were partially offset by gains in accommodation and food services (+20,000) and information, culture and recreation (+14,000).

The number of employees fell in the public sector and was little changed in the private sector. At the same time, self-employment increased.

The participation rate decreased to 65.5 percent from 65.7 percent in the previous month, the lowest since December 1999.

Canada


Statistics Canada | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/8/2016 1:55:27 PM