Canada sheds 31,200 jobs in July, unemployment rate rises to 6.9%

The economy lost 31,200 jobs in July as the number of workers with full-time jobs fell dramatically and fewer younger Canadians were employed, Statistics Canada reported today.

Analysts had expected Canada's economy would create about 10,000 jobs last month.

The unemployment rate ticked up to 6.9 per cent, up from 6.8 per cent in June, an increase in line with economists' forecasts.

Statistics Canada said the number of full-time workers fell by 71,400 — the biggest one-month decline since October 2011.

The loss in full-time jobs was partially offset by an increase of 40,200 part-time jobs, the federal agency said.

Younger Canadians also had a tough time finding work, as there were 28,000 fewer jobs for the age 15 to 24 group.

Public-sector employment fell by 42,000 in July, while private-sector employment rose slightly.

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