Unemployment rate rises slightly

Flood of workers into labour market offsets job creation, but student employment is at highest rate in a decade
By
|Canadian HR Reporter|Last Updated: 04/10/2003

The unemployment rate edged up slightly in July and now sits at 7.6 per cent.

According to the latest figures from Statistics Canada, the unemployment rate rose 0.1 per cent last month, despite the creation of 23,000 more jobs. The reason? More people entered the labour market in search of work.

Since January, employment has surged, with 326,000 new jobs created, an increase of 2.2 per cent for the year. This is in sharp contrast to figures from south of the border. Employment figures in the U.S. have been flat for the last five months.