US EditionB.C.'s Unemployment Rate up as Job Losses Exceed National Average
CANADA, AUG 8 – Youth unemployment rose to 14.6%, the highest since 2010 excluding pandemic years, as permanent employee job losses drove the economy to shed 40,800 jobs in July, StatsCan reported.
- British Columbia lost 16,300 jobs in July, causing the unemployment rate to rise by 0.3 percentage points to 5.9 percent, as reported by Statistics Canada.
- Construction and education services were the hardest hit, shedding 7,600 and 4,200 jobs respectively, according to the labor report.
- Jobs and Economic Growth Minister Ravi Kahlon attributed the job losses to tariffs imposed by U.S. President Donald J. Trump.
- Nationally, Canada lost 41,000 jobs in July, with Alberta experiencing the largest loss at 16,800 jobs.
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Statistics Canada reports 40,800 job loss in July as jobless rate holds at 6.9%
Canada employment fell by 40,800 in July, partially reversing June’s strong gain. The unemployment rate held at 6.9% because fewer people looked for work, so the participation rate slipped. The share of people with a job fell to 60.7%, the lowest since mid‑2021. Actual hours worked dipped 0.2% month over month and are up only 0.3% from a year ago, the weakest pace since early 2021. If you are watching growth, that points to softer GDP for July a…
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100% Left
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