Tag: Bank of Canada

Canadian unemployment rate rises to 6.4%, with student summer jobs especially hard to come by

In June 2024, Canada’s unemployment rate increased to 6.4%, reflecting a softening labor market that poses significant challenges for youth employment, particularly among students seeking summer jobs. This comprehensive analysis…

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Unemployment rate ticks up to 5.4 per cent in August as economy loses 40K jobs

In August, Canada's unemployment rate rose to 5.4%, marking the first increase in seven months amid a loss of 40,000 jobs. This shift signals growing economic challenges as rising interest…

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