🍁 Canada's July 2024 Unemployment Rate: Unchanged at 6.4%, but 2,800 jobs were lost in July!
Job Number Changes:
• Public Sector
+40,800 ⬆️ Monthly & +204,600 ⬆️ Yearly
• Private Sector
-41,900 ⬇️ Monthly & +86,000 ⬆️ Yearly
• Self-Employed
-1,600 ⬇️ Monthly & +55,000 ⬆️ Yearly
59% of jobs created in the past 12 months were in the public sector!
🚨 Concerns rise as Canada's public employee percentage (including all levels of the governments) increases!
21.7% of all jobs in Canada are in the public sector, the highest in 30 years, excluding April & May 2020 (early pandemic months).
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