News Formal

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 News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Statistics Canada to release August jobs report today amid labour market slowdownStatistics Canada is set to release its August labour force survey this morning.
Source: CTVNews - 🏆 1. / 99 Read more »

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »