Published 08/09/2024 12:45:34 p.m.

Canada unexpectedly sheds 2,800 jobs in July; jobless rate stays at 6.4%

Canada's economy unexpectedly lost 2,800 jobs in July, while the unemployment rate held steady at 6.4%, according to data released on Friday.
Analysts had predicted a net gain of 22,500 jobs and expected the unemployment rate to rise to 6.5%.
July marked the second month of job losses, indicating easing in Canada's labor market, potentially influencing the central bank to lower interest rates in September.

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CTV News

Canada unexpectedly sheds 2,800 jobs in July; jobless rate stays at 6.4%

Canada's economy unexpectedly shed a net 2,800 jobs in July, as gains in full-time work were offset by part-time job losses, while the unemployment rate remained at 30-month high of 6.4%, data showed on Friday.

08/09/2024 10:54:00 a.m.·Canada

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CBC News

Unemployment rate unchanged in July, though jobless rate for young people continued to rise

Canada's economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday.

08/09/2024 12:35:58 p.m.·Canada

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Reuters

Canada unexpectedly sheds 2,800 jobs in July; jobless rate stays at 6.4%

08/09/2024 12:45:34 p.m.·United Kingdom

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Global News

Unemployment rate holds at 6.4% in July as jobs market ‘little changed’

Two rate cuts into an easing cycle, the Bank of Canada says it's watching for signs of easing in wage growth as it looks for confidence inflation is heading back to two per cent.

08/09/2024 12:45:34 p.m.·Toronto, Canada

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Financial Post

Job Growth Stalls in Canada; Unemployment Rate Holds at 6.4%

(Bloomberg) — Canada unexpectedly shed jobs for a second straight month and the unemployment rate held at the highest level in more than two years, keeping the Bank of Canada on track to further cut interest rates.

08/09/2024 1:10:30 p.m.·Canada

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The Epoch Times

Economy Lost 2,800 Jobs in July, Unemployment Rate Unchanged at 6.4%

Students are facing a particularly challenging summer job market while recent immigrants are disproportionately affected by weakening labour market conditions in the country, Statistics Canada’s latest employment figures show. The federal agency’s July labour force survey released on Friday says the overall jobless rate held steady at 6.4 percent last month as the economy shed a modest 2,800 jobs. Amidst historically high interest rates, the une…

08/09/2024 1:23:17 p.m.·New York, United States

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