Unemployment remained under five percent in July but ended with fewer jobs (Photo: The Canadian Press)

By The Canadian Press

Canada’s unemployment rate remains at historic low of 4.9 per cent

Aug 5, 2022 | 7:05 AM

OTTAWA, ONT – Statistics Canada says the unemployment rate was 4.9 per cent in July, remaining unchanged from the historic low reached in June.

The federal agency says in its latest labour force survey the economy lost 31,000 jobs, marking the second consecutive month of job losses.

The number of public sector employees fell, while the number of self-employed workers rose.

Canada’s labour market remains exceptionally tight, with over one million job vacancies across the country. The unemployment rate is the lowest on record with comparable data going back to 1976.

Statistics Canada says despite the labour shortage, there is no evidence of a rise in the proportion of people leaving or switching jobs.

What's Happening in Lethbridge this week: November 12-17, 2024

Nov 12, 2024

What's Happening in Lethbridge this week: November 4-10, 2024

Nov 04, 2024

What's Happening in Lethbridge this week: October 28-November 3, 2024

Oct 28, 2024

The pace of wage growth also held steady since June, with average hourly wages rising 5.2 per cent year over year.