Canada unemployment rate steady at 6.4% in August
Statistics Canada reported Canada’s unemployment rate held at 6.4% in August. The economy lost a net 41,700 jobs last month, despite expectations for employment to increase by about 15,000.
OTTAWA--Canada's unemployment rate held steady in August even as employment fell unexpectedly. Statistics Canada said Friday that the economy shed a net 41,700 jobs in the month, versus market expectations for a gain of about 15,000 after the country added 75 in the prior period.