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

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. Employment fell in wholesale and retail trade, which shed 44,000 jobs, and in finance, insurance, real estate, rental and leasing, which shed 15,000 jobs. Public administration, transportation and warehousing, and utilities saw jobs gains. … Read more

Lengthier job hunts for recent graduates could be major factor in unemployment rate

Lengthier job hunts for recent graduates could be major factor in unemployment rate

Nearly a year after graduating from Carleton University with a degree in engineering physics, Surya Nareshan is still struggling to find employment. Nareshan, who lives in Ottawa, has applied for dozens of positions since May — mostly in software engineering and optics. While he’s made it through multiple rounds of interviews, including elaborate proficiency testing, he hasn’t yet found … Read more

Unemployment rate held steady last month, StatsCan says

Unemployment rate held steady last month, StatsCan says

Statistics Canada says the total number of jobs in December was virtually unchanged for the month as the unemployment rate held steady at 5.8 per cent. The agency says the economy added a total of 100 jobs for the final month of the year. The result came as the number of full-time jobs fell by 23,500 in December, offset … Read more