{"id":17520,"date":"2018-08-15T09:00:55","date_gmt":"2018-08-15T09:00:55","guid":{"rendered":"http:\/\/www.ceo-na.com\/?p=17520"},"modified":"2018-08-15T21:12:14","modified_gmt":"2018-08-15T21:12:14","slug":"canadian-economy-adds-54000-jobs-in-july","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/opinion\/canadian-economy-adds-54000-jobs-in-july\/","title":{"rendered":"Canadian economy adds 54,000 jobs in July"},"content":{"rendered":"<p><strong><em>The mostly part-time jobs have seen the unemployment rate reach its lowest level since the 1970s.<\/em><\/strong><!--more--><\/p>\n<p>The Canadian economy added some 54,000 new jobs in July, causing the jobless rate to drop by two-tenths of a percentage point to 5.8 per cent.<\/p>\n<p>The country&#8217;s official unemployment rate is now tied for its lowest level since the 1970s, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-10\/canada-jobless-rate-falls-to-four-decade-low-on-part-time-work\">Bloomberg data shows<\/a>. The jobless figure has reached the same level several times in 2018 without ever surpassing it.<\/p>\n<p>Statistics Canada said Friday that the economy added 82,000 part-time jobs, but that figure was offset by a loss of 28,000 full-time positions.<\/p>\n<p>The public sector added 49,600 new jobs, while the private sector added 5,200 positions.<\/p>\n<p>According to Bloomberg, the report is \u201cconsistent with a robust economy that continues to generate jobs at a steady pace and looks to be running up against capacity\u2026 raising concerns the nation\u2019s tightening jobs market is running out of room to grow much further.\u201d<\/p>\n<p>Ontario accounted for most of the gains in July, adding 61,000 jobs as a surge of part-time work offset a loss of full-time jobs.<\/p>\n<p>Yet Toronto-Dominion Bank economist Brian DePratto<a href=\"http:\/\/www.cbc.ca\/news\/business\/canada-jobs-july-1.4780436\"> told CBC<\/a> that beyond the headline-grabbing figures, the details of the report were &#8220;mixed.&#8221;<\/p>\n<p>&#8220;On the plus side, the number of unemployed fell and more Canadians were drawn to the labour force \u2013 both signs of a healthy economy,&#8221; DePratto said.<\/p>\n<p>But there&#8217;s one demographic group for whom the labor market is looking much less positive: students. Every summer, Statistics Canada collects data on what the job market is like for young people between the ages of 15 and 24 who want to work.<\/p>\n<p>This summer, there are 67,000 fewer young people with summer jobs than there were last year. The unemployment rate for young people now sits at 12.8 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mostly part-time jobs have seen the unemployment rate reach  [&#8230;]<\/p>\n","protected":false},"author":22,"featured_media":17521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[1291,1290,1292],"class_list":["post-17520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-canadian-economy","tag-new-jobs","tag-unemployment-rate"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/17520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=17520"}],"version-history":[{"count":2,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/17520\/revisions"}],"predecessor-version":[{"id":17529,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/17520\/revisions\/17529"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/17521"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=17520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=17520"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=17520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}