Private Employers: OTTAWA Statistics Canada

OTTAWA Statistics Canada: It was the second consecutive monthly loss of jobs and will come as a surprise to markets, which had expected something closer to the economists consensus of a modest 10,000 employment gain, according to 660 News. Private employers actually added 31,400 jobs during the month and OTTAWA Statistics Canada said the economy shed 39,400 jobs in July, enough to push the unemployment rate up one-tenth of a point to 7.2 per cent. The agency said a whopping cut of 74,000 in the public sector, mostly in health care, social assistance and administration, was the main reason for the poor July labour market performance. (www.immigrantscanada.com). As reported in the news.