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Canada July employment change +75.1K vs +15K expected
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Canada's labour market strengthened further in July, with employment rising by 75.1K and the unemployment rate edging down to 6.4%, the lowest level in two years.
The gains were evenly split between full-time and part-time positions and marked the third consecutive month of improving labour market conditions, extending total employment growth since April to 181,000 jobs.
The report also pointed to improving labour market conditions across several demographic groups.
Employment increased among core-aged workers (25-54 years old), particularly women, whose unemployment rate fell to 5.2%.
Despite the stronger hiring, wage pressures continued to moderate.