Statistics Canada said the jobless rate fell to 10.9 per cent from 12.3 per cent in June

Statistics Canada said the jobless rate fell to 10.9 per cent from 12.3 per cent in June

The Canadian economy added 419,000 jobs in July as pandemic restrictions eased across the country, marking the third consecutive month of rising employment.
The results were more subdued than Junes gain of 953,000 positions, but were also accompanied by a reduction in the unemployment rate, to 10.9 per cent from 12.3 per cent, Statistics Canada reported Friday. 
The labour market has now recovered about 55 per cent of three million jobs that were lost between February and April as COVID-19 forced stringent lockdowns across the country and widespread closures of non-essential businesses.
Story continues below advertisement
More to come
Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Share