Surge in part-time work offsets full-time losses, helps drops unemployment rate

'Another head scratcher': ​Canada adds 54100 jobs in July

The Canadian dollar is down to $0.7651 cents USA and oil is up $0.45 to $67.26 a barrel. The unemployment rate fell to 5.8 per cent.

Nationally, the economy generated 54,100 net new jobs last month and saw its unemployment rate fall, but the headline improvements overshadowed weaker details: a rush of new part-time, public sector positions and a drop in full-time work.

The unemployment rate in Northeast B.C. ticked up slightly to 7.4 per cent in July, according to Statistics Canada's latest labour force survey.

Across the provinces, Ontario gained 60,600 jobs-all in part-time work-and the unemployment rate dropped 0.5 percentage points to 5.4% for its lowest reading since July 2000. These gains were largely attributed to an overall growth in the number of part time jobs available.

But a closer look at the numbers revealed that the country gained 82,000 less desirable, part-time positions last month - and it lost 28,000 full-time jobs. But, it could be an indicator of whether the Bank of Canada will increase interest rates next month.

Jose Mourinho: Man Utd boss 'not confident' of deadline day signing
Mourinho's assessment that United were in for a "difficult season" if he did not get his way proffers an image of an unhappy club. United's all-time leading goalscorer told Sky Sports: "I think it will be hard after the season they had a year ago ".

Professional scientific and technical services, the goods producing sector and the construction industry all reported drops in overall employment between June and July.

Compared to past year, employment was essentially unchanged.

"The labour market remains robust and there is easily enough here to convince the Bank of Canada to maintain its gradual tightening campaign - there's just not enough to get it to accelerate the schedule", BMO chief economist Doug Porter said in a note to investors. Employment rose in a number of services-producing industries: educational services; health care and social assistance; information, culture and recreation; and the "other services" industry.

Average hourly wages in July, a figure watched closely by the central bank, rose by 3.0 percent from a year earlier.

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