OTTAWA--Revised employment data released on Friday from Canada's statistics agency said the country added over 40,000 jobs in July, more than double market expectations, on gains in part-time employment. The jobless rate also dropped in the month.
The data agency said Canada added 41,700 jobs in July, versus the original estimate issued a week ago of a meager 200 jobs. The unemployment rate fell to 7% from 7.1% in June.
The market consensus heading into Friday's release of the revised data was for a 20,000 gain in employment and an unemployment rate of 7.1%, according to economists at Royal Bank of Canada.
In June, the data suggested the economy shed 9,400 net positions.
Statistics Canada had to reissue its July employment report due to a "processing" error it detected after the release.
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(END) Dow Jones Newswires
August 15, 2014 08:55 ET (12:55 GMT)
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