BREAKING Canada's economy sheds 40,000 jobs and unemployment jumps to 5.4%
The country lost 40,000 jobs last month while the unemployment rate rose to 5.4 per cent, Statistics Canada reported on Sept. 9.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Declines in the education and construction sectors “more than offset” gains in other industries, the agency said in its report. The losses over the past three months amount to 114,000, marking the first instance in the pandemic of declines unrelated to lockdowns and restrictions. Average hourly wages rose 5.4 per cent from August last year, compared to 5.2 per cent year-over-year in June and July.
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