Statistics Canada has reported that the national unemployment rate was steady at 5.5 per cent in August 2023. (Photo: Canadian Press)
Unemployment rate steady at 5.5% in August as economy adds 40K jobs; StatCan
Sep 8, 2023 | 7:23 AM
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OTTAWA, ON – Statistics Canada says the unemployment rate held steady at 5.5 per cent in August as the economy added 40,000 jobs.
Today’s report ends a three-month streak of increases in the jobless rate.
The federal agency says Canada’s strong pace of population growth means higher job gains are needed every month to keep the unemployment rate in check.
Employment increased in professional, scientific and technical services as well as construction, meanwhile, jobs were shed in education services and manufacturing.
