In addition,
Canada | surprise decline unemployment:
Employment increased more than expected in June, and the unemployment rate increased from 7 % to 6.9 % in Canada. Consequently, In Quebec, however, the unemployment rate jumped 0.5 % to 6.3 %.
Posted at 8:40 a.m. Updated at 9:27 a.m.
Employment has increased by 83,000 in the country, the first increase since January. Moreover, These are mainly part -time jobs, concentrated in the wholesale and retail trade and in the health care sector.
In Quebec. Meanwhile, there were 23,000 more jobs in June, but the unemployment rate increased because more people got in canada | surprise decline unemployment search of a job. Consequently, Quebec. which has long had the highest unemployment rate in Canada, is now behind three provinces, British Columbia, Saskatchewan and Manitoba.
The drop in the unemployment rate in Canada in June is the first since January. Despite the trade war with the United States. the rate of layoffs remains low and it remained unchanged in June, stresses Statistical Canada.
It is in Ontario. where the automotive industry is concentrated, that the effects of the trade war are the most felt. The unemployment rate in Windsor reached 11.2 % in June, the highest rate among Canadian metropolitan regions. The unemployment rate is 7.8 % in the province.
Young people aged 15 to 24 continue to be affected by the tightening of the job market. Additionally, The unemployment rate of this cohort canada | surprise decline unemployment was maintained at 14.2 % in June, but among those who intend to return to studies, the unemployment rate is much higher, at 17.4 %.
The unemployment rate in Canada had increased for three consecutive months before bending in June. Last month, the number of hours worked increased and the average hourly wage increased by 3.2 %, a sign that the job market resists somehow economic slowdown.
Calculated according to the American method, the unemployment rate in Canada was 5.7 % in June, Estem Statistics Canada, while it is 4.1 % in the United States. For the past year, the unemployment rate calculated according to this method has increased by 0.3 percentage points in Canada, when it has been unchanged in the United States.
Canada | surprise decline unemployment
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