Canada sees net loss of 42,000 jobs in August while unemployment steadies
Statistics Canada reported that the country shed 42,000 jobs in August, with the unemployment rate holding at 6.4%.
In August, the Canadian labour market contracted by 42,000 positions, according to the latest figures from Statistics Canada. Despite the job loss, the national unemployment rate remained unchanged at 6.4 percent. The previous month, July, had seen an addition of 75,000 jobs, highlighting a sharp reversal in employment trends.
Why it matters
Job losses affect household incomes and signal shifts in Canada's economic health.
In this story
job lossunemployment rateCanadaAugustStatistics Canadalabour marketeconomic trends
