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Canada Adds 75,000 New Jobs in July

Canada Adds 75,000 New Jobs in July

Canada Adds 75,000 New Jobs in July
Canada added 75,000 jobs in July. This is up 0.4 percent. The unemployment rate is now 6.4 percent. This is the lowest in two years. Canada added many jobs in July.
Most new jobs were full-time or part-time. Many jobs were in wholesale and retail trade.
More people aged 25 to 54 got jobs. Most of these people were women.
The unemployment rate for men aged 25 to 54 did not change. It is 5.8 percent. The rate for women in this age group is now 5.2 percent.
Ontario added the most jobs in July. It added 52,000 jobs. British Columbia added 18,000 jobs.
Canada added 18,000 jobs in June.
Manitoba's employment rate rose 0.8 percent. Nova Scotia's rate also rose 0.8 percent.
Canada has 181,000 more jobs since April. It has 196,000 more jobs than last year.
July's employment rate is good news. May and June also had good news.
An expert said this is a good start. She said it could be a turning point.
The expert also said that if this trend continues, it could be good for Canada.
Another expert said the job numbers were higher than expected. He said this is due to many new hires in July.
Young people got more jobs. The summer job market is strong.
But some groups still have high unemployment rates. Black youth have a 22.6 percent rate.
Non-racialized youth have an 11.6 percent unemployment rate.
The overall unemployment rate is 6.4 percent. This is still higher than it should be.
An expert said this rate will not cause inflation.
Another expert said Canada's labor force only grew a little. This means small job gains can lower the unemployment rate.
He also said that wage increases are slowing down. This is a concern.
The labor market is stabilizing. Employers are not shedding jobs like before.
The economy likely did well in the second quarter. It may have grown 3.4 percent.
An expert said businesses are finding ways to deal with trade uncertainty.
There could be more trade problems soon.
The US is threatening tariffs on Canadian imports.
Canada wants the US to drop these tariffs. Canada may end bans on US alcohol sales.
Talks on the Canada-US-Mexico trade deal will resume in the fall.