Canada June job losses smaller than expected

Fri Jul 10, 2009 7:08am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Reuters) - Canada's net job losses in June totaled 7,400, a much smaller decline than expected due to gains in most services industries while factories continued to lay off workers, Statistics Canada said on Friday.

The unemployment rate rose to 8.6 percent from 8.4 percent as more people looked for work, the federal agency said. More people were self-employed or working in part-time jobs.

NOTE: Analysts surveyed by Reuters had expected the economy to lose 35,000 jobs in June and the unemployment rate to rise to 8.7 percent. The employment figures are seasonally adjusted. Hourly wage figures are for permanent employees.


* Statistics Canada report


(Reporting by Louise Egan)