OTTAWA — Canada’s labour market added 40,000 jobs last month and the unemployment rate held steady as economists watch for more signs of a slowdown. Statistics Canada reported Friday the unemployment rate held at 5.
OTTAWA — Canada’s labour market added 40,000 jobs last month and the unemployment rate held steady as economists watch for more signs of a slowdown.
The monthly labour force surveys show Canada’s population has been growing by an average of 81,000 people every month this year. That pace of growth requires job gains of about 50,000 each month to keep the unemployment rate steady, said Statistics Canada. The central bank’s decision was prompted by recent data that shows the economy is taking a turn: the latest gross domestic product reading showed the economy shrank in the second quarter.
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