Canada adds 75,000 new jobs in July, unemployment rate lowest in 2 years

40 pointsposted 8 hours ago
by vrganj
(cbc.ca)

16 Comments

e40

7 hours ago

Not Canadian. Real question: is this the impact of having a normal human at the helm?

FLeXMurphy

7 hours ago

No. I wouldn't look at the month to month; focus on annual statistics and larger trends. Monthlies are mostly for posturing and hot takes (like say, "human at the helm"), not for the over all trend of the country.

Both US and Canada play games with the word "unemployment", whose definition is very questionable in and of itself.

edoceo

7 hours ago

The article says lowest in 2 years. That's not monthly. Also has a chart going back to 2021 (when the rate was like 9%). But this current rate (6.4) is above the lowest of the last five years (5%)

xboxnolifes

3 hours ago

It's still monthly if you're only looking at a single monthly point outlier (1 month happened to be the lowest in 2 years). If unemployment stays (or improves) at this level for another month or two, then I'd start listening. Otherwise it's a blip.

hellojomp

7 hours ago

He's not the man we deserve but he's the man we need.

He's got beauty, he's got grace, it's Mark Carney against the States.

Making everyone say "Mmmmmmmmmmmmm...ark (Carney)".

Noah built an ark, we got ourselves a Mark.

You can take my Karma, but you can never take my Carney. (I know, I know you actually can: https://en.wikipedia.org/wiki/List_of_assassinations_by_the_...)

Does that answer your question?

spelk

8 hours ago

Labour force survey microdata files are public, for anyone who wants to poke in there for a more granular breakdown: https://www150.statcan.gc.ca/n1/en/catalogue/71M0001X

Obvious caveat being that Claude Code might give you a confident statistic without being able to validate if the question can be validated with the sample (StatsCan suppresses C grade data and below).

ComputerPerson

8 hours ago

You can see on the bar chart that this is mostly rebound from Q1 contraction.

I was curious: professional/scientific/technical saw little to no growth; the areas that would be most affected by AI.

thomasjeff1

7 hours ago

Those are mostly only $16/hr jobs whereas cost of living in Canada requires minimum $30/hr.

bpye

7 hours ago

Most provinces and territories have a minimum wage above $16/hr, so this cannot be true.

thomasjeff1

7 hours ago

Yes it's $18/hr but still not livable.

FpUser

7 hours ago

"75,000 new jobs" - they forgot to add that most of those no longer provide livable wage. With the way inflation is going they could soon hire everyone since the real value of the salary for average Shcmoes ever diminishes.

I am Canadian, just in case

tomega2134

5 hours ago

My impression is that they ARE good paying jobs, looking at the industry categories listed as having gains.

"Professional, scientific and technical services" alone is 16.6k.

FpUser

2 hours ago

Those are going down the drain. Far below inflation for many many years. Canada I came to and Canada now are 2 completely different countries, former being way better in terms of the American Dream