Canada Unemployment Rate Falls to 2-Year Low of 6.4% in July
Canada’s job market continued to warm up into the summer, with the private sector again driving hiring in July that helped push the unemployment rate to a two-year low.
Canada's job market continued to grow in July, driven by the private sector. The economy added 75,000 new jobs, according to the Financial Post. This led to the unemployment rate falling to 6.4%, its lowest level in two years. The rate has now decreased for three consecutive months.
The job gains in July helped push the unemployment rate to a two-year low, as reported by the WSJ Economy.
The reports did not provide information on the US job market in relation to Canada's.
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- Canada’s economy gains 75,000 new jobs, driving down unemployment rate financialpost.com
- Canada's Unemployment Rate drops to 6.4% in July fxstreet.com
