Canada's unemployment rate remains at historic low of 4.9 per cent

Statistics Canada office

Statistics Canada says the unemployment rate was 4.9 per cent in July, remaining unchanged from the historic low reached in June.

The federal agency says in its latest labour force survey the economy lost 31,000 jobs, marking the second consecutive month of job losses.

The number of public sector employees fell, while the number of self-employed workers rose.

Canada's labour market remains exceptionally tight, with over one million job vacancies across the country. The unemployment rate is the lowest on record with comparable data going back to 1976.

Statistics Canada says despite the labour shortage, there is no evidence of a rise in the proportion of people leaving or switching jobs.

The pace of wage growth also held steady since June, with average hourly wages rising 5.2 per cent year over year.

In Nova Scotia, the jobless rate dropped 1.1 per cent in July to 5.9 per cent.

The province saw a net gain of 600 full-time and 1,000 part-time jobs, though the number of people in the labour force dropped by 4,400.

(With files from Bell Media's James Faulkner)