Canada regained more than half of the jobs lost to the pandemic
Canada's economy is on the upswing for the third month in a row.
Canada is experiencing a rebound in the economy as quarantine restrictions are eased across the country.
About 55% of the 3 million jobs lost since April had been restored as of July, according to a new study.
Some 419,000 new jobs were created in Canada in July, up 2.4% from the previous month. The rate of growth was slower compared to June's growth rate of 5.8%. A recent Statistics Canada employment survey showed that the economic downturn caused by the coronavirus is experiencing a sharp reversal after a steep drop.
Most jobs were created on a part-time basis. In July, 345,000 part-time positions were filled, compared to 73,000 full-time positions.
Unemployment fell to 10.9%, but there are still 2.2 million unemployed in Canada. The unemployment rate for people aged 15 to 69 was 11.3%.
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