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

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.Employment last month rose in educational services, health care and social assistance and finance, insurance, real estate, rental and leasing.

Between May and August, the unemployment rate for students was 16.7 per cent on average, up from 12.9 per cent last year. The latest rise in unemployment comes days after the Bank of Canada delivered its third consecutive interest rate cut and signalled more would likely be on the way.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Ottawa's real estate market heats up in August, with home sales up 10 per centOttawa's real estate market heated up in August with home sales jumping 10 per cent, but home prices remained sluggish through the summer. The Ottawa Real Estate Board says 1,100 homes were sold in Ottawa in August after 1,241 units were sold in July.
Source: ctvottawa - 🏆 29. / 67 Read more »