Statistics Canada to reveal July jobs report with expectations of growth

0

OTTAWA — Statistics Canada will report this morning how the country’s labour market performed in July as more parts of the economy were allowed to reopen.

Canada clawed back 289,600 jobs in May as restrictions eased and gained 953,000 more in June.

The pace of gains was expected to continue in July, but at a slower clip than the bounce back in June.

The average economist estimate from financial markets data firm Refinitiv is for a gain of 400,000 jobs in July and an unemployment rate of 11 per cent.

The unemployment rate in June was 12.3 per cent — a decline from May’s record high of 13.7 per cent.

The country has recouped less than half of the approximately three million jobs lost in March and April.

LEAVE A REPLY

Please enter your comment!
Please enter your name here