New Brunswick economy sheds 7,300 full-time jobs in July, unemployment reaches 8.5%

Worker examining sheet metal in manufacturing plant

Worker examining sheet metal in manufacturing plant

The unemployment rate in Saskatchewan increased slightly in July as the province's economy shed 2,200 jobs, Statistics Canada reported Friday.

The value of Canadian building permits declined by an unexpected 3.7% in June to C$8.01 billion ($6.06 billion) as multi-family and institutional permit values dropped, Statistics Canada said on Friday. Gains were also seen in the public administration industry, which posted an increase of 9,200 positions.

The number of jobs in the services-producing sector fell by 26,300.

Bruce Ralston, minister of Jobs, Trade and Technology, noted B.C. has led the country with the lowest unemployment rate among provinces for two years. Hourly wage growth was up 4.5 per cent from a year ago.

But on the flip side, Stats Can says last month's wage growth came in strong at 4.5 percent, its highest level in more than a decade.

NoKor has fired 2 more projectiles into sea - SoKor
This comes days after the defense secretary said the USA will not overreact to North Korea's recent missile tests. Critics say Trump, in his desire for a deal, is allowing Kim too much ground. "I think we'll have another meeting.

This continues a positive trend locally, as the unemployment rate in May was 5.9 per cent.

The national labour situation had its weakest three-month stretch since early 2018.

Across Canada, employment remained relatively unchanged in July for the third consecutive month.

Canada's construction sector saw the biggest employment boost in July, adding 25,000 jobs. The agency cautions, however, that the recent monthly readings have been small enough that they're within the margin of error and, therefore, statistically insignificant.

In Saskatchewan, the workforce shrunk by almost 2,200, coming through a loss of 10,900 full-time positions and a gain of 8,800 part-time roles.

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