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Canadian Jobs Stuck in Neutral in June

Canada's job market was effectively flat in June but the jobless rate inched down to 6.8% because there were fewer people looking for work.

Statistics Canada reported Friday that the economy lost 700 jobs in June. In a workforce of more than 18 million workers, the data agency considers a move that small to be "unchanged."

British Columbia was the only province that added jobs during the month; everywhere else showed little change.

Not that it's a healthy market for summer jobs, either. StatsCan's numbers show that, among students aged 20 to 24 who intend to return to school full-time in the fall, the employment rate was 64% in June, or 3.2 percentage points lower than the summer job rate was a year ago.