Canada loses 31,200 jobs in July; biggest drop in full-time positions since 2011

on , from brandonsun.com

The Canadian labour market lost 31,200 net jobs last month as the country experienced the biggest monthly drop in full-time work in nearly five years. Statistics Canada's latest labour force survey says the market shed 71,400 full-time positions in July — a number partly offset by an increase of 40,200 in less-desirable, part-time jobs. The agency says full-time work in Canada hasn't suffered a one-month blow this big since October 2011. The report says the national unemployment rate in July crept up to 6.9 per cent from 6.8 per cent the previous month. The survey also says paid employee positions fell by 28,400 last month, compared ... (Read the full story)