The latest jobs report is far worse than analysts expected.
The Canadian economy lost 31-thousand 200 net full-time jobs in July, pushing the national unemployment rate up from 6.8 to 6.9 per cent.
Statistics Canada says full-time work in Canada hasn’t suffered a one-month blow this big since October 2011.
The biggest losses were in Ontario and Newfoundland.
Statistics Canada says for a second straight month, employment in Alberta was essentially unchanged. However, with more people searching for work, the unemployment rate in the province rose 0.7 to 8.6 per cent, the highest rate since September 1994.
The number of full-time job losses in Alberta totals 104,000 over the past 12 month.
But net employment fell by 49,000 because there was an increase in part-time jobs.