Statistics Canada retracts July jobs report because of ‘error’

Man hunts job board

Statistics Canada has retracted the jobs report it issued on Friday that showed the country created 200 jobs last month. (CBC )

Statistics Canada retracted its July employment report on Tuesday, four days after reporting that the Canadian economy created only 200 jobs during the month.

“An error has been detected in the processing of the Aug. 8 Labour Force Survey release,” the data agency said. “This error impacts only the July 2014 estimates.”

The data agency declined to offer details on what sort of error had been detected, but they said it has been identified and corrected.  The agency says the mistake does not affect other statistical programs, and says new, corrected numbers will be released this coming Friday.

At least one Bay Street watcher was confused by the news. “Taking the very rare step of issuing a formal correction … suggests that this will not be a minor revision,” Scotiabank said in a note to clients. “I don’t know why they’d wait until Friday … if they know they have an error now.”

For its part, the data agency insists it will get to the bottom of it, and ensure that its data is completely accurate.

“Statistics Canada takes this matter very seriously and is immediately launching a review of the data verification processes in place,” the data agency said.

What Next?

Recent Articles

Leave a Reply

You must be Logged in to post comment.