Loss of 10,500 jobs driven by decline in hiring in finance, real estate
OTTAWA (Reuters) - Canada lost 10,500 jobs in June, driven by a decline in hiring in the finance and real estate sector, according to a report from ADP.
"We saw a significant dip in job growth in Canada for the month of June," said Ahu Yildirmaz, vice-president and co-head of the ADP Research Institute.
"This decline likely reflects the impact of regulations on mortgage financing and a slowdown in consumer spending."
May's job gain was revised up to 27,800 from an originally reported 2,900, ADP said. The report, which is jointly developed with Moody's Analytics, is derived from ADP's payrolls data of about 40,000 companies.
- manufacturing 1,800
- construction -5,600
- ·natural resources and mining 1,300
- trade/transportation and utilities -7,900
- information -2,400
- finance/real estate -4,300
- professional/business services 3,200
- professional/technical 2,400
- management of companies -800
- administrative and support 1,600
- education and health care 1,600
- educational services 3,900
- health care -2,300
- leisure and hospitality 2,300
- ·other services -500