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Canada adds 75,000 jobs in July, unemployment 6.4%

financeAug 7, 2026691,368

Statistics Canada reported a surprising gain of 75,000 jobs in July, far above economists' Reuters poll forecast of about 15,000, with the increase split between full-time and part-time work. The unemployment rate fell 0.1 percentage point from June to 6.4 percent, its lowest level in two years, leaving Canada 181,000 jobs above April and 196,000 above a year earlier. Sector details show wholesale and retail added 21,000 jobs but remain down 50,000 year-over-year, finance and related industries added 18,000, and professional, scientific and technical services added 17,000; public administration lost 15,000 and agriculture lost 9,600. Average hourly wages rose 2.8 percent year-over-year in July, down from 3.3 percent in June, and youth unemployment held at 12.6 percent, down 1.9 points from a year ago. CIBC senior economist Andrew Grantham said the figures align with GDP signs of recovery, while RBC assistant chief economist Nathan Janzen cautioned the labour market is not yet strong. Desjardins managing director Royce Mendes said the data make a Bank of Canada interest rate hike unlikely before 2027.

Cheryl in Nova Scotia 🇨🇦🍁🍁
@minibubbly.bsky.social

#Canada adds 75,000 new jobs in July, unemployment rate lowest in 2 years Statistics Canada says gains split between full-time, part-time work www.cbc.ca/news/busines...

15145d ago
The Breakdown AB
@thebreakdownab.bsky.social

While unemployment rates dropped across Canada… Alberta’s didn’t change, with the province now having the second highest unemployment rate across all provinces in Canada. #abpoli #ableg #cdnpoli

12345d ago
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