Canada’s jobs slip, NL improves
Newfoundland and Labrador is again bucking the national trend with labour statistics.
Statistics Canada reported Friday Canada had lost 39,000 jobs in July and the ‘seasonally adjusted’ unemployment rate had risen to 7.2 per cent.
In Newfoundland and Labrador, the ‘actual’ (three month moving average) jobless rate fell over one full percentage point from 11.4 in June to 10.2 per cent in July. Seven thousand more people were working from one month to the next (243,400) and 3,000 fewer individuals (27,600) were without jobs.
On a year over year basis, the same one percentage improvement was realized.
In the South Coast/Burin Peninsula region, a three per cent drop to 15.2 was recorded for July. There was little in the number of people working on this coast (14,400) but there were 500 fewer people sitting at home (2,600). The labour force remained the same at 17,100.
In other regions, the Avalon Peninsula reported an improved 7.5 per cent unemployment rate; the West CoastNorthern Peninsula-Labrador and Notre Dame-Central Bonavista Bay region also saw improved jobless rates hovering at 13.2 per cent.