OTTAWA, ON. (NEWS1130) – It turns out things aren’t as grim as we first thought. Statistics Canada has released corrected July jobs numbers that show the economy actually gained nearly 42,000 jobs, that’s well above the poor 200 the agency incorrectly reported a week ago.
The unemployment rate went down by 0.1 percentage points, as a result, to seven per cent.
Stats Can says the error resulted from a major redesign of its market-moving Labour Force Survey that occurs every decade when one program was not updated, which it calls a human error.
The mistake resulted in the agency overestimating full-time job losses. The number of full-time job losses is now 18,000 instead of the 60,000 figure reported last week.
The number of part-time gains remains unchanged at about 60,000.