Tag Archives: Unemployment

Canada’s Unemployment Rate Falls To 6.6%

Canada’s Unemployment Rate Falls To 6.6%

Canada’s unemployment rate edged down 0.1 percentage points to 6.6% in January as the economy added 76,000 net new jobs. Statistics Canada reports that the employment rate across the country rose 0.1 percentage points to 61.1%. The employment gains in January were driven by an increase for youth aged 15 to 24 (up 31,000 positions), adult …

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Australia’s Unemployment Rate Hits 4% In December, Raising Interest Rate Uncertainty

Australia’s Unemployment Rate Hits 4% In December, Raising Interest Rate Uncertainty

Australia’s job market is navigating through an interesting scenario landscape, where a surprising surge in job creation coexists with a rise in unemployment. This is a sign of a resilient labor market, but this unexpected mix is making it unclear what will happen to interest rates next month. The unemployment rate rose to 4% in December, up from 3.9% in …

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Canada’s Unemployment Rate Declined To 6.7% In December

Canada’s Unemployment Rate Falls To 6.6%

Canada’s labour market surprised to the upside in December, adding 91,000 jobs and lowering the unemployment rate by 0.1 percentage points to 6.7%. The number of jobs created in December, and the decline in the unemployment rate, each beat the consensus expectations of economists. Economists had forecast job growth of 10,000 to 25,000 new positions in December. …

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