Canada's Unemployment Rate Remains at Historic Low: StatCan

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Canada's Unemployment Rate Remains at Historic Low: StatCan
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According to StatCan_eng, the number of public sector employees fell, and the number of self-employed workers rose. cdnpoli unemployment

Both figures were weaker than experts had predicted. However, they are slightly more promising than June’s data: that month, Canada lost 43,200 jobs.

“At the industry level, a decline in the services-producing sector was offset by an increase in the goods-producing sector,” reads the report. Losses in the services-producing sector were seen in wholesale and retail trade, health care and social assistance, and educational services. The labour participation rate for Canadians between the ages of 25 and 54 is relatively unchanged from where it was pre-pandemic, according to StatCan.

The report also examined the current nursing shortage in the country — something that’s bubbling at the surface to reach crisis levels and become a political focus. Tellingly, the data revealed that more than one in five nurses worked paid overtime hours in July — the highest level since comparable data became available in 1997. To put this into perspective, about 10% of all other employees worked overtime in July.

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