1. Canada’s Labour Market July 2010
- Employers slashed 139,000 full-time jobs in July while adding almost
130,000 part-time positions.
- The unexpected net loss of 9,300 jobs marks the labour market’s first
decline this year.
- The jobless rate rose unexpectedly from 7.9 per cent in June, when it
had dipped below 8 per cent for the first time since early 2009.
- Economists argued that the surprise decline probably doesn’t indicate
a new trend of job losses, noting that the Canadian labour market is
in much better shape than that of the U.S.
After monthly gains of 93,000 and 109,000, employment dips by 9,300
and jobless rate rises to 8% from 7.9%