Canada Adds 75,000 Jobs as Unemployment Falls to Two-Year Low

Graphic of the week: A closer look at unemployment in Canada

Joblessness numbers reached their lowest point in two years, according to a report from Statistics Canada.

Canada adds 75,000 jobs as unemployment falls to two-year low

Canada’s July labour report strengthens the case that the economy may be regaining momentum even as trade uncertainty and earlier weakness in output continue to cloud the broader picture. Employment increased by 75,000, extending a run of strong labour-market readings to a third consecutive month. The unemployment rate fell to 6.4%, its lowest level in two years, while actual hours worked rose 0.6% from June. The important signal is not simply t…

Canadian economy adds 75,100 jobs in July, U.S. sheds 23,000 positions

Unemployment rate in Canada falls to two-year low as labour outcomes in the countries continue to diverge

Bitcoin Reclaims $65,000 After Payrolls Miss - is it a Breakout or a Fake-out?

Bitcoin got the macro catalyst traders had been waiting for on Friday: a U.S. jobs report soft enough to restart the argument over how much room the Federal Reserve has to ease. BTC pushed as high as $65,340 on Bitstamp, up roughly 1.3% on the day, after July nonfarm payrolls showed the economy lost 23,000 jobs instead of adding the roughly 80,000 economists expected.That is a meaningful miss, not a rounding error. The Bureau of Labor Statistics…

Canada Adds 75,000 Jobs in July While US Loses 23,000, Bitcoin Holds at $65K

Canada’s labor market just blew past every forecast. Statistics Canada said the country added 75,000 jobs in July — five… Read the original on Canada Adds 75,000 Jobs in July While US Loses 23,000, Bitcoin Holds at $65K. For more crypto news and analysis, visit TheCurrencyAnalytics.com.