Canada’s unemployment rate rises to 6.6% in August amid challenging summer job market

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 26 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 92%

Cent Nouvelles

Summer,Canada,Wages

Statistics Canada’s labour force survey on Friday showed the economy added a modest 22,000 jobs last month, lagging the pace of population growth

Canada’s unemployment rate increased to 6.6 per cent in August as students continued to face a difficult summer hiring season.

Students returning to school in the fall faced a particularly challenging summer job market this year, with their unemployment rate rising to the highest level since summer 2012 – excluding the pandemic summer of 2020. Black students had the highest unemployment rate of 29.5 per cent, up a whopping 10.1 per cent from summer 2023.

As finding work becomes more challenging, the number of unemployed people grew to 1.5 million in August, a 22.9 per cent jump from the same month last year.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Statistics Canada to release August jobs report today amid labour market slowdownStatistics Canada is set to release its August labour force survey this morning.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Statistics Canada to release August jobs report today amid labour market slowdownOTTAWA — Statistics Canada is set to release its August labour force survey this morning.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »