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Home » Canadian unemployment rate climbs as job growth stalls
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Canadian unemployment rate climbs as job growth stalls

staffBy staffSeptember 6, 20241 Min Read
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Statistics Canada released its Labour Force Survey for August, and the numbers show an uptick in Canada’s unemployment rate, to 6.6% — a signal that the labour market continues to struggle.

While 22,000 new jobs were added, it wasn’t enough to keep pace with the growing population, according to Brendon Bernard, Senior Economist at Indeed.com.

“In a familiar pattern, lacklustre job gains in August were easily swamped by rapid population growth, an ongoing sign of deteriorating conditions,” said Bernard.

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