Unemployment in Canada changes little in July, inches up to 5.5%, with spike in wage growth

The unemployment rate increased 0.1 percentage points to 5.5%.

Employment fell among core-aged men aged 25 to 54 years old (-27,000; -0.4%) and increased among male youth aged 15 to 24 (+13,000; +0.9%). There was little variation in employment among young and core-aged women, and among men and women aged 55 and older, as reported by Statistics Canada.

Meanwhile, the average hourly wages grew 5 per cent in July for third consecutive month of gains.

CBC |