Rosy Canadian jobs report gets no help from resource sector

About 4,600 people left the Montreal workforce in July.					Vadim Ghirda  AP

Despite that growth in the job market, only an estimated 200 jobs were added since end of July 2017.

OTTAWA-Job creation soared above expectations in July as large gains in part-time, public sector positions helped nudge down the unemployment rate.

The report looked set to boost market speculation that the Bank of Canada, which has raised rates four times over the past year as the economy strengthened, could hike again next month.

The unemployment rate in the Montreal region was 6.2 per cent in July, Statistics Canada said on Friday, up 0.4 percentage points from the previous month.

The Capital Region's jobless rate ticked up slighting to 4.5 per cent in July, from the 4.4 per cent it stood at in June, Statistics Canada has reported.

At the same time, employment in Alberta held steady as a decrease in full-time work was largely offset by an increase in the number of people working part time. Camrose-Drumheller is sitting at an unemployment rate of 4.5 per cent up from June's 4.4 per cent.

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First is the fact the gains came on the back of 82,000 less desirable part-time positions while the country shed 28,000 full-time jobs. But, it could be an indicator of whether the Bank of Canada will increase interest rates next month.

By industry, the goods-producing sector lost 36,500 jobs in July, with a notable loss of 18,400 positions in manufacturing and a drop of 12,300 in construction.

Compared to past year, employment was essentially unchanged.

"While a big increase in jobs brings this series more in line with what we've seen from other indicators this year, the details leave us somewhat skeptical that the move won't be at least partly reversed in August", he said in a research note.

Compared with a year earlier, overall employment was up 1.3 per cent following the addition of 245,900 jobs for an increase driven by 210,500 new full-time positions.

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