Canada's unemployment rate increased to 6.6 per cent in August as students continued to face a difficult summer hiring season.Canada's unemployment rate increased to 6.6 per cent in August as students continued to face a difficult summer hiring season.Employment last month rose in educational services, health care and social assistance and finance, insurance, real estate, rental and leasing.
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.Hundreds of rejections a 'hard reality' for high school students looking for summer jobs
The summer job market was even more difficult for Black, Chinese and South Asian students, who faced considerably higher unemployment rates. Governor Tiff Macklem has repeatedly said the central bank wants economic growth to pick up again, acknowledging the job market has slowed down significantly.
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