By Julie Gordon and Kelsey Johnson
OTTAWA (Reuters) – Canada added 418,500 jobs in July, though the vast majority were part-time positions, and the unemployment rate fell to 10.9% as the economy continued to reopen from COVID-19 closures, Statistics Canada said on Friday.
Analysts in a Reuters poll had predicted a gain of 400,000 jobs and an unemployment rate of 11%, after record job gains in June as businesses across the country reopened.
“This is fairly close to what was expected compared to what we’ve seen in the last three months or so. We’re settling down after the easy increases in June,” said Douglas Porter, chief economist at the Bank of Montreal.
Employment in the goods-producing sector grew by 70,600 jobs, while the services sector grew by 347,900 positions. Part-time employment rose by 345,300 compared to 73,200 new full-time positions.
“Obviously you would rather see a more favorable full-time, part-time split,”…