Canada Adds 7,100 Jobs in July, Unemployment Rate Falls

Canada added jobs for the fourth straight month in July as gains in construction and transportation offset losses in government employment and education, while the unemployment rate fell to the lowest since 2008 on a shrinking labor force.

Employment rose by 7,100 on a seasonally adjusted basis, Statistics Canada said today in Ottawa, less than the 15,000 median estimate in a Bloomberg News survey of 27 economists. The jobless rate fell to 7.2 percent from 7.4 percent in June, while economists had forecast the jobless rate would be unchanged.