- Reuters/Hans Deryk
Canada added a bunch of full-time jobs last month.
The Canadian labor force added 10,900 jobs in July, according to Statistics Canada. That’s roughly in line with economists’ forecasts for 10,000.
Breaking down the numbers, the economy added 35,100 full-time jobs, but lost 24,300 part-time jobs.
Employment increased primarily for women aged 55 and up. There was little change for other demographic groups.
The unemployment rate dropped to 6.3%, the lowest rate since October 2008, from 6.5%. That was due to the number of people searching for work dropping, according to Statitics Canada.
The Canadian dollar dipped after the data crossed. It was down by 0.3% at 1.2610 against the US dollar at 8:32 a.m. ET.