{"id":76829,"date":"2026-08-07T12:48:27","date_gmt":"2026-08-07T12:48:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/08\/07\/canadas-economy-gains-75000-new-jobs-driving-down-unemployment-rate\/"},"modified":"2026-08-07T12:48:27","modified_gmt":"2026-08-07T12:48:27","slug":"canadas-economy-gains-75000-new-jobs-driving-down-unemployment-rate","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/08\/07\/canadas-economy-gains-75000-new-jobs-driving-down-unemployment-rate\/","title":{"rendered":"Canada&#039;s economy gains 75,000 new jobs, driving down unemployment rate"},"content":{"rendered":"<p> \n<br \/><\/p>\n<p> The Canadian economy added 75,000 new jobs in July pushing the unemployment rate down to 6.4 per cent, the lowest level in two years and the third consecutive monthly decrease. <\/p>\n<p> The  job gains covered a broad swath of industries, according to data from Statistics Canada published on Friday. Wholesale and retail trade recorded the largest employment increase in July, followed by the finance, insurance, real estate, rental and leasing industry. Employment also rose in the professional, scientific and technical services sector, as well as construction. <\/p>\n<p><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/08\/July-2026-unemployment-rate.png\" title=\"\" \/><\/p>\n<p> Total employment is up by 0.9 per cent or 181,000 jobs since April. This increase was driven by a rise in full-time work, which rose by 1.1 per cent or 193,000 positions. The unemployment rate has also fallen by 0.5 percentage points since April. <\/p>\n<p> On a year-over-year basis, Canada\u2019s unemployment rate was down 0.5 percentage points in July. <\/p>\n<ul class=\"related_links\">\n<li>Alberta leads the rest of Canada in creating jobs, just not for the reason you think<\/li>\n<li>Canada&#8217;s GDP beats expectations as second quarter rebound gathers steam<\/li>\n<\/ul>\n<p> Statistics Canada officials said a higher proportion of people searching for work have been finding jobs compared with this time last year, and the job-finding rate \u2014 the proportion of unemployed people who found a job between June and July this year \u2014 was 20.8 per cent. This was up from 18.5 per cent for the same time period last year, but still below the pre-pandemic average of 26.6 per cent for the same time period from 2017 to 2019. <\/p>\n<p> <em>More to come \u2026<\/em> <\/p>\n<p> <em>\u2022 Email: ptran@postmedia.com <\/em> <\/p>\n\n<br \/>Canada&#039;s economy gains 75,000 new jobs, driving down unemployment rate<\/a><br \/>\n<br \/>2026-08-07 12:48:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian economy added 75,000 new jobs in July pushing the unemployment rate down to 6.4 per cent, the lowest level in two years and the third consecutive monthly decrease&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":76830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-76829","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/76829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=76829"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/76829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/76830"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=76829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=76829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=76829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}