NEWS
 
Stats Canada reporting 42,000 jobs gained in July
The agency incorrectly reported last week, that 200 jobs were gained in July
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Statistics Canada has released corrected July jobs numbers that show the economy actually gained nearly 42,000 jobs last month, well above the paltry 200 jobs the agency incorrectly reported a week ago.

The agency says the error resulted from a major redesign of its market-moving Labour Force Survey that occurs every 10 years when one program was not updated, which it calls a human error.

The mistake resulted in Statistics Canada overestimating full-time job losses.

The number of full-time job losses is now 18,000 instead of the 60,000 figure reported last week.

The number of part-time gains remains unchanged at about 60,000.

Canada's unemployment rate also remains unchanged at 7.0 per cent in July, from 7.1 per cent the previous month.

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  1. Ernie posted on 08/15/2014 09:24 PM
    Any way you slice it - the job report STILL SUCKS. We need to impose strict duties on China to fix this.
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Statistics Canada has released corrected July jobs numbers that show the economy actually gained nearly 42,000 jobs last month, well above the paltry 200 jobs the agency incorrectly reported a week ago.

The agency says the error resulted from a major redesign of its market-moving Labour Force Survey that occurs every 10 years when one program was not updated, which it calls a human error.

The mistake resulted in Statistics Canada overestimating full-time job losses.

The number of full-time job losses is now 18,000 instead of the 60,000 figure reported last week.

The number of part-time gains remains unchanged at about 60,000.

Canada's unemployment rate also remains unchanged at 7.0 per cent in July, from 7.1 per cent the previous month.

Leave a comment:

showing all comments · Subscribe to comments
  1. Ernie posted on 08/15/2014 09:24 PM
    Any way you slice it - the job report STILL SUCKS. We need to impose strict duties on China to fix this.
showing all comments

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