Unemployment rate remains at 4.9% in Canada

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The unemployment rate remains at 4.9% in Canada

According to Statistics Canada, employment was little changed in July compared to the previous month, with the loss of only 31,000 jobs.

The unemployment rate fell x27; is maintained at 4.9% in July in Canada, matching the all-time low recorded in June.

Statistics Canada adds that in Quebec, the unemployment rate last month was 4.1%.

Canada-wide, among those aged 25 to 54, the unemployment rate was 4% last month and was little changed from June for both men and women in the core age group asset. The rate also changed little among people aged 55 and over as well as among young people aged 15 to 24.

According to the federal agency, employment was little changed in July compared to the previous month, falling only 31,000 jobs, but compared to May, it fell by 74,000 jobs, or 0.4% .

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After declining for two of the previous three months, employment remained stable in Quebec in July. In the Montreal area, employment was little changed and the unemployment rate held steady at 4.7%.

The unemployment rate for the month of July increased in two of the three Maritime provinces compared to June. It went from 6.1% to 7.1% in New Brunswick and from 4.9% to 5.7% in Prince Edward Island.

In Nova Scotia, it fell from 7% to 5.9%.

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