Northeast BC unemployment at 7.4% in July

Canada's job situation has rarely ever been this strong with the unemployment rate at 5.8 per cent matching a four-decade low

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

Shenfeld added that there are "lots of reasons to question just how good the data really are here".

Employment in the key public administration sector, which includes the federal government, saw big gains between June and July. "On the plus side, the number of unemployed fell and more Canadians were drawn to the labour force - both signs of a healthy economy", he wrote.

Calgary's rate increased slightly from 7.7 per cent to 7.9 per cent. That's still down from the 47,200 that were unemployed in the region in July 2017. He also forecast that the loonie would be weaker toward year-end.

On a year-over-year basis, employment rose by 245,900 jobs, or 1.3 percent.

Meanwhile, TD senior economist Brian DePratto said in a separate note that the latest job numbers indicate a quarter-point rate hike from the central bank are likely to come in October. Employment in the goods-producing sector fell by 36,500 jobs, mostly in manufacturing.

Ontario saw an increase of 61,000 jobs, all of them part-time, dropping the provincial unemployment rate by half a percentage to 5.4 per cent.

Despite a surge in part-time employment across the nation offsetting full-time declines and pushing down Canada's unemployment rate, the numbers paint a less-than-rosy picture in Saskatchewan and Prince Albert. "Employers seem reluctant to part with their now more expensive workers perhaps due to reported labour shortages, although the persistence of strong sales and profits could also explain the resilience of employment", he wrote. All the employment gains were in services, which was up 90,500 during the month. In July of 2017, the unemployment rate was 10.5 per cent, though the participation rate was just 64.2 per cent, a number that is now at 65.5, pushing the labour force to 22,400 from 21,900 this time past year.

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