June Employment Numbers are in - more reason for optimism

Definitely a strong indicator of the rebound we are all seeing in the market. Some key points from the report are below.

- Employment rose by 93,000 in June, pushing the unemployment rate down 0.2 percentage points to 7.9%. This is the first time the rate has been below the 8% mark since January 2009
- Since July 2009, most of the employment gains have been in full-time work, up 355,000 or 2.6%, while part-time work rose by 1.5%
- employment increases in June were in service industries including retail and wholesale trade; business, building and other support services; health care and social assistance; and other services such as automotive repair and personal care services.
- Virtually all of June's employment gains were in Ontario and Quebec