KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Saturday, September 06, 2025
Β© 2025 U-S-NEWS.COM
Online Readers: 329 (random number)
New York: Saturday, September 06, 2025
Online: 319 (random number)
Join our "Free Speech Social Platform ONGO247.COM" Click Here
Politics: canadian unemployment soars, economy weakest since pandemic – ussa

POLITICS: Canadian Unemployment Soars, Economy Weakest Since Pandemic – USSA News

πŸ”΄ Website πŸ‘‰ https://u-s-news.com/
Telegram πŸ‘‰ https://t.me/usnewscom_channel

Canada’s unemployment rate reached nearly its highest point since 2016 as the economy shed 66,000 jobs in August, according to new data from Statistics Canada.

The unemployment rate rose 0.2 percentage points in August to 7.1 per cent, a level last seen in May 2016 if the COVID-19 years of 2020 and 2021 were excluded, the data agency said.

The unemployment rate, or the number of people unemployed out of the total labour force, has been rising consistently this year, up from a 6.6 per cent rate in January.

Of the 66,000 jobs lost, they were largely in part-time work. Reduced hiring and layoffs largely fuelled those numbers, Statistics Canada said, with the layoff rate rising to one per cent in August, compared to 0.9 per cent at the same time last year.



This comes after the economy lost a total of 41,000 jobs last month.

The figures are more dire than some economists had predicted β€” a Reuters poll ahead of the release predicted a gain of 10,000 jobs and the unemployment rate to rise to 7 per cent.

Click this link for the original source of this article.
Author: Marty Kaufmann


This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.



Source link



OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today
OnGo247
New 100% Free
Social Platform
ONGO247.COM
Give it a spin!
Sign Up Today