Statistics Canada to reveal July jobs report with expectations of growth

Marco Green
August 7, 2020

After losing more than 30,000 jobs since the beginning of pandemic-induced shutdowns in March, the London region added 11,200 new positions last month, figures released Friday by Statistics Canada show.

Combined with the 953,000 jobs gained in June and the 290,000 in May, the country was within 1.3 million jobs from pre-pandemic level.

345,000 of the new jobs added in July were part time.

The increase in employment in July was all in part-time work. In B.C., the number of employed people increased by 70,000 in July. Quebec's unemployment rate decreased 1.2 percentage points to 9.5 per cent, the third consecutive monthly decrease.

"While monetary policy is arguably, over the long-term, a more consequential factor for currencies than fiscal policy, in the current context the reverse appears to be the case".

Average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $29.39, following large changes in recent months. 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. The rate was substantially higher for South Asian (17.8 per cent), Arab (17.3 per cent) and Black (16.8 per cent) Canadians.

Jessy Bains is a senior reporter at Yahoo Finance Canada.

Other reports by Click Lancashire

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