Canadian Jobless Rate drops slightly

Posted Aug 5, 2011 08:54:44 AM.

This article is more than 5 years old.

StatsCanada reports the country’s jobless rate fell to 7.2 per cent, down from 7.4 the month before. The July gains were led by the construction sector, which had a net gain of 31-thousand jobs.

Locally, the unemployment rate in Waterloo Region fell from 6.9 per cent to 6.4 per cent. In Guelph, the rate dipped slightly from 6.3 per cent in June to 5.9 per cent in July.

South of the border, U.S. employers added 117,000 jobs in July. The jobless rate there dropped to 9.1 per cent which is better than expected.

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