CIBC senior economist Royce Mendes says there seems to be room for employment growth in high-contact services that saw gains in July.
He says in a note that he expects a gain of 50,000 jobs in August.
The agency last month said the country added 94,000 jobs in July as public health restrictions linked to the COVID-19 pandemic continued to be lifted.
Are provinces hurting their economy by not introducing a vaccine passport?
July’s jobs bump dropped the national unemployment rate to 7.5 per cent from 7.8 per cent in June, reaching its lowest level since this past March.
Overall, the country in July was 246,400 jobs, or 1.3 per cent, shy of pre-pandemic employment levels seen in February 2020.
© 2021 The Canadian Press