Canada's job surge beats expectations, but there is a catch

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That's still down from the 47,200 that were unemployed in the region in July 2017.

"In the wacky world of Canada's monthly employment numbers, July came up with another head scratcher, with some big headlines but some disappointments in the fine print", Avery Shenfeld, chief economist at CIBC Capital Markets, wrote in a note to clients.

According to Statistics Canada, a total of 124,200 people reported they were employed in a part-time position, a drop from the 128,300 that reported being part-time workers in July.

After three straight months of climbs, the unemployment rate in western Alberta has dropped.

Prince Albert has added about 200 jobs since a year ago, but the city's seasonally unadjusted unemployment rate has jumped by 0.8 percentage points, the latest labour market estimates from Statistics Canada show.

The jobless rate had been 5.8 percent from February through May, the lowest since the current method of calculating unemployment was introduced in 1976, before edging up to 6.0 percent in June.

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Unemployment in the region was recorded at 7 per cent in June.

Meanwhile, the country lost 28,000 full-time jobs. But, it could be an indicator of whether the Bank of Canada will increase interest rates next month.

"In contrast, employment fell in most goods-producing industries, specifically manufacturing, construction and natural resources".

The agency said average hourly wage growth, which is closely monitored by the Bank of Canada, continued its gradual slide last month to 3.2% after expanding 3.6% in June and 3.9% in May. The breakdown was less rosy, with all the gains in part-time employment and concentrated in public sector service jobs.

On a year-over-year basis, employment rose by 245,900 jobs, or 1.3 percent.

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