Labour Force Survey, July 2024

Employment was little changed in July (-2,800; -0.0%), while the employment rate fell 0.2 percentage points to 60.9%. The unemployment rate was unchanged at 6.4%.

In July, employment decreased among women (-41,000; -2.6%) and men (-15,000; -0.8%) aged 55 to 64. Employment also fell among young men aged 15 to 24 (-20,000; -1.5%), while it increased among men aged 25 to 54 (+48,000; +0.7%).

Employment fell in wholesale and retail trade (-44,000; -1.5%) as well as in finance, insurance, real estate, rental and leasing (-15,000; -1.0%) in July. Employment increased in public administration (+20,000; +1.6%), transportation and warehousing (+15,000; +1.4%) and utilities (+6,200; +4.2%).

Employment declined in Manitoba (-5,400; -0.8%) and Nova Scotia (-4,800; -0.9%) in July, while it increased in Ontario (+22,000; +0.3%) and Saskatchewan (+6,700; +1.1%).

Total hours worked rose 1.0% in July and were up 1.9% compared with 12 months earlier.

Average hourly wages among employees increased 5.2% (up $1.73 to $34.97) on a year-over-year basis in July, following growth of 5.4% in June (not seasonally adjusted).

The employment rate of returning students aged 15 to 24 was 51.3% in July, down 6.8 percentage points from July 2023 (not seasonally adjusted).

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