Canada’s unemployment rate held steady at 4.9% in July, matching the record low from the month before. The total number of unemployed people held steady at one million in July. In addition, 426,000 people wanted a job but did not look for one, and therefore did not meet the definition of unemployed. This was little changed for the sixth consecutive month. The adjusted unemployment rate—which accounts for this source of potential labour supply—remained at 6.8%, the lowest rate since comparable data first became available in 1997. In addition, employment in Canada decreased by 31,000 jobs, which according to Statistics Canada does not represent a significant change. Canada lost about 74,000 jobs from May to July, but from May 2021 to May 2022, employment had increased by more than one million.