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11.06.25 - 17:24
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Canadian Unemployment Rate Has Now Hit 7% (ZeroHedge)
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Canadian Unemployment Rate Has Now Hit 7%
Canada's unemployment rate rose to 7% in May — its highest in over eight years, excluding the pandemic — with just 8,800 jobs added, according to the Financial Post..
Full-time employment increased by 58,000, offset by a decline in part-time work. Private sector jobs grew by 61,000, while public sector employment fell by 21,000 due to fewer temporary hires after April's federal election.
The Financial Post writes that manufacturing lost 12,200 jobs last month, contributing to a four-month decline of 55,000. Transportation and warehousing also shed 15,000 positions. Employment grew in wholesale and retail trade, utilities, finance, and real estate but dropped in manufacturing, public administration, and accommodation and food services.
Economists say the rise in unemployment is partly due to U.S. tariffs dampening hiring, with trade-sensitive regions like Windsor (10.8% jobless rate) and Oshawa (9.1%) hit hardest. Indeed Canada noted job postings ...
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06.12.24 - 15:03
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Canada′s jobless rate jumps to 6.8%; bets up for 50 bps rate cut next week (Reuters EN)
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UPDATE 2-Canada's jobless rate jumps to 6.8%; bets up for 50 bps rate cut next week Adds money market bets in paragraph 2, currency and bonds in paragraph 7 OTTAWA, Dec 6 (Reuters) - Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs , data showed on Friday, boosting chances of a large interest rate cut next week....
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06.12.24 - 15:03
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Canada′s jobless rate jumps to near 8-year high of 6.8% in November (Reuters EN)
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INSTANT VIEW-Canada's jobless rate jumps to near 8-year high of 6.8% in November TORONTO, Dec 6 (Reuters) - Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday. Market reaction: CAD/ Link: https://www150.statcan.gc.ca/n1/daily-quotidien/241206/dq241206a-eng.htm COMMENTARY NATHAN JANZEN, ASSISTANT CHIEF ECONOMIST AT ROYAL BANK OF CANADA "It's what we've been...
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06.12.24 - 14:44
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Canada′s jobless rate jumps to near 8-year high of 6.8% in November (Reuters EN)
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UPDATE 1-Canada's jobless rate jumps to near 8-year high of 6.8% in November New throughout OTTAWA, Dec 6 (Reuters) - Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs , data showed on Friday, likely boosting chances of a large interest rate cut next week....
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