Last month, Canada’s unemployment rate fell to 7.2 percent from 7.4 percent in June, two percentage points lower than the United States. While economic forecasts predicted that 15,000 jobs would be added in July, 25,000 new full-time positions were created, aiding in the drop of the unemployment rate.
According to two indexes released this week, Canadian employers are steadily increasing recruitment. The Monster Employment Index showed that online recruitment in the second-quarter of this year was at its highest level since 2008. The Association of Canadian Search, Employment and Staffing Services (ACSESS) also showed that increased employment opportunities has brought the Canadian employment industry to near pre-recession levels.