Canada Unemployment Rate Up to 7.1%


The Canadian economy lost 9400 jobs in June of 2014 and the jobless rate rose by 0.1 percentage points to 7.1 percent, as more people were searching for work.

Compared with 12 months earlier, employment increased by 72,000 or 0.4 percent. This was the lowest year-over-year growth rate since February 2010, when year-over-year employment growth resumed following the 2008-2009 labour market downturn.

The number of hours worked was little changed in the 12 months to June.

Employment decreased among youths aged 15 to 24 and people aged 25 to 54 in June, while it increased among people aged 55 and over. Provincially, employment declined in Ontario as well as Newfoundland and Labrador, and increased in Manitoba, New Brunswick and Prince Edward Island.

Employment fell in business, building and other support services as well as agriculture. At the same time, there were more people working in construction and 'other services.'

In June, there was little change in the number of private and public sector employees as well as the self-employed. On a year-over-year basis, all the growth was among private sector employees.

Canada Unemployment Rate Up to 7.1%


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
7/11/2014 1:36:34 PM