Canada: The unemployment rate in July declined by 0.2 percentage points to 5.8%.

"Employment rose by 54,000 in July, driven by gains in part-time work. The unemployment rate declined by 0.2 percentage points to 5.8%," Statistics Canada announced on Friday.

Key quotes

• In the 12 months to July, employment grew by 246,000 (+1.3%).
  • These gains were largely the result of growth in full-time work (+211,000 or +1.4%).
  • Over this period, the total number of hours worked rose by 1.3%.
• The labour force participation rate in Canada (adjusted to US concepts) was 65.3% in July.
• On a year-over-year basis, the participation rate decreased by 0.3 percentage points in Canada.