Surge in part-time work offsets full-time losses, helps drops unemployment rate

'Another head scratcher': ​Canada adds 54100 jobs in July

'Another head scratcher': ​Canada adds 54100 jobs in July

Prince Albert has added about 200 jobs since previous year, but the city's seasonally unadjusted unemployment rate has jumped by 0.8 percentage points, the latest labour market estimates from Statistics Canada show.

The increased number of unemployed people (jobless and looking for work) is reflected in the rise in the unemployment rate.

Data collected for the Labour Force Participation Survey showed Windsor's participation rate rose a tenth of a percentage point in July to 60.5 per cent.

"While a lot of the attention is going to go to the fact that this was a very large increase in headline employment, it is not almost as strong as that number makes it seem", said Andrew Kelvin, senior rates strategist at TD Securities.

In Saskatchewan, 4,200 jobs were lost in July bringing the unemployment rate up 0.3 per cent to 6.6 per cent.

Canada's economy added more jobs than expected last month.

In Saskatoon, the jobless rate rose marginally to 7.1 from 7.0 per cent, while the Queen City held steady at 6.5. These gains were largely attributed to an overall growth in the number of part time jobs available.

The gap shows the national average unemployment rate is nearly one per cent lower than Alberta.

"In the wacky world of Canada's monthly employment numbers, July came up with another head scratcher, with some big headlines but some disappointments in the fine print. there are lots of reasons to question just how good the data really are here", said Avery Shenfeld, chief economist at CIBC Economics.

For Shenfeld, the report contained a "good" set of numbers that will keep markets guessing whether the BoC will introduce its next interest rate hike in September or October.

The national average saw a 0.2 per cent change from last month's figures as well - but in the opposite direction.

Alberta saw a dip in full-time jobs, offset by an increase in part-time work.

Compared with a year earlier, overall employment was up 1.3 per cent following the addition of 245,900 jobs for an increase driven by 210,500 new full-time positions.