Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsEconomyCanada's economy gains 75,000 new jobs, driving down unemployment rateJobless rate falls to 6.4%, the lowest in two yearsLast updated 45 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.The economy added 75,000 new jobs in July with gains in a wide range of industries. Photo by DAN JANISSE/PostmediaThe Canadian economy added 75,000 new jobs in July pushing the unemployment rate down to 6.4 per cent, the lowest level in two years and the third consecutive monthly decrease.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe job gains covered a broad swath of industries, according to data from Statistics Canada published on Friday. Wholesale and retail trade recorded the largest employment increase in July, followed by the finance, insurance, real estate, rental and leasing industry. Employment also rose in the professional, scientific and technical services sector, as well as construction.Total employment is up by 0.9 per cent or 181,000 jobs since April. This increase was driven by a rise in full-time work, which rose by 1.1 per cent or 193,000 positions. The unemployment rate has also fallen by 0.5 percentage points since April.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againOn a year-over-year basis, Canada’s unemployment rate was down 0.5 percentage points in July.Statistics Canada officials said a higher proportion of people searching for work have been finding jobs compared with this time last year, and the job-finding rate — the proportion of unemployed people who found a job between June and July this year — was 20.8 per cent. This was up from 18.5 per cent for the same time period last year, but still below the pre-pandemic average of 26.6 per cent for the same time period from 2017 to 2019.More to come … Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.