World Economy

Canada Jobless Rate Flat

Canada Jobless Rate FlatCanada Jobless Rate Flat

Canada’s unemployment rate was unchanged at 6.8% for the fifth consecutive month in June, the national statistics office said, beating analyst expectations of a slight increase of 0.1%, NewsNow reported. In June, the economy lost a net 6,400 jobs as losses in part-time positions offset a jump in full-time positions. Economists had expected an overall loss of 10,000 jobs. In the 12 months to June, employment increased 1% with 176,000 jobs, Statistics Canada said. For men aged 55 and older, employment increased by 24,000. The unemployment rate in the group fell 0.3% to 6.1%. In the 12 months to June, employment for this group rose by 63,000, up 3.2%, mostly a result of the population aging.