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- Canada’s unemployment rate remained unchanged at 7.0% in August
Canada’s unemployment rate remained unchanged at 7.0% in August
Statistics Canada released the labour market data today. Canada's unemployment rate remained unchanged at 7.0% in August, in line with expectations.
Canadian economy lost 11,000 net jobs in August, missing forecasts of an increase of 10,300 jobs, after a rise of 41,700 jobs in July.
Employment in Canada rose by 81,000 positions compared to a year ago, mostly in part-time job.
Canada's private-sector lost 111,800 jobs in August. That was the largest one-month fall.
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