Employers added 142,000 jobs last month, up from just 89,000 in July, the Labour Department said Friday. The unemployment rate ticked down to 4.2 per cent from 4.3 per cent in July, which had been the highest level in nearly three years.
In a speech last month, Chair Jerome Powell suggested that the Fed’s policy-makers have all but tamed inflation through high interest rates and don’t want to see the job market weaken further. The central bank is trying to achieve a “soft landing,” in which it succeeds in driving inflation down from a 9.1 per cent peak in 2022 to its target level without causing a recession.
A slower pace of hiring is often a precursor to layoffs — one reason why the Fed’s policy-makers are now more focused on sustaining the health of the job market than on continuing to fight inflation. Later Friday, Christopher Waller, a member of the Fed’s Board of Governors, is scheduled to discuss the economic outlook in a speech at the University of Notre Dame. Waller, an influential member of the governing board, may provide insights into the Fed’s next moves.
There were almost zero measles cases in Canada during the pandemic, but as travel restrictions eased, the country started seeing infections again. With vaccination rates down, some health officials are concerned.Telegram founder and CEO Pavel Durov promised to step up efforts to fight criminality on the messaging app, his first public comments since French authorities handed him preliminary charges for allegedly allowing the platform's use for criminal activity.
The City of Calgary says water use increased again on Thursday despite demands from city officials for residents and businesses to conserve water.An American company that owns the majority of Banff and Jasper’s most popular tourist attractions is under fire from its Canadian competitors.Starting Monday, Sept.
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