Canada's Unemployment Rate Jumps to 7.1% as Economy Loses 66,000 Jobs
Canada's unemployment rate jumped to 7.1 per cent in August, the highest jobless rate in over nine years outside of the pandemic, Statistics Canada said on Friday.
The Canadian economy lost 66,000 jobs during the month, mostly in part-time work, with professional and technical services leading the declines. Trade-sensitive sectors like transportation and warehousing and manufacturing also recorded significant drops in employment.
August's drop in employment is the second consecutive monthly decline after the economy lost 41,000 jobs in July. There were 34,000 more unemployed people in...
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