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Canada lost 9400 jobs in June alone, unemployment rising
Canada’s unemployment rate has edged up to 7.1 percent as government data showed the economy unexpectedly shed thousands of jobs in June.
Canada’s jobless rate increased to 7.1 percent from 7.0 percent in May, marking the highest record in six months, Statistics Canada reported on Friday.
Economic growth also fell below expectations as the country shed some 9,400 jobs in June.
The total number...
Canada's unemployment rate hits 7.2 percent in July
Canada’s unemployment rate has climbed to 7.2 percent, with a record number of layoffs in the public sector, Press TV reports.
The Bank of Canada reported recently that the country’s economy lost 39,400 jobs in July, which pushed the jobless rate up 0.1 percentage points compared to the previous month.
The area, which suffered the largest loss was the public sector with 74,000 layoffs last month....