Canada’s Unemployment Rate Confounds Expectations With Fall to 6.9pc
A surprise surge in hiring helped pull Canada’s unemployment rate down for the first time since January, a signal of resilience despite the stresses and uncertainty brought on by the Trump administration’s hostile approach to global trade.
Employers in the country added 83,100 jobs last month, Statistics Canada said Friday. That was the biggest increase since December, and much stronger than the flat employment expected by economists.
The rebound – following two soft months and the loss of almost 33,000 jobs in March – saw the unemployment rate tick down 0.1 percentage point to 6.9 per cent...
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