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    Kanadas Arbeitslosenquote steigt im August auf 6,6% angesichts eines schwierigen Arbeitsmarktes


    Kanadas Arbeitslosenquote steigt im August auf 6,6% angesichts eines schwierigen Arbeitsmarktes

    https://www.cp24.com/news/canada-s-unemployment-rate-rises-to-6-6-in-august-amid-challenging-job-market-1.7027652

    View 16 Comments

    16 Comments

    1. StackinStacks on

      “The Government of Canada will refuse to process Labour Market Impact Assessments (LMIAs) in the Low-Wage stream, applicable in census metropolitan areas with an unemployment rate of 6% or higher.”

      they should just blanket this rule across the country to be honest.

    2. FriendsFan30 on

      Yikes, youth unemployment continues to go up.

      Plus most of the jobs were part time, the unemployment rate in Toronto is 8% now too. We’ve added so many people that we can’t create enough jobs for them.

      Sadly the damage is done

    3. letmehityourJuuLbro on

      But Freeland said that their economic plan is working! A 25bps cut is the living proof!

    5. DataDude00 on

      And most of our job growth is coming from public sector hiring and temp/gig work

      Our economy is cooked and the labor sector is far worse than that unemployment number lets on

    7. akd432 on

      If you you look at all previous recessions, it began right AFTER the Bank of Canada cut interest rates not before. Same thing in the U.S.

      The recession has officially started. I expect the unemployment rate to hit 8% by the spring of 2024.

      Property investors are so fucked and I couldn’t be happier 🥳

    8. Canadian_Mustard on

      Is it a challenging market? Or is it just over saturated with temporary workers who will take less per hour than the average Canadian?

    10. Hefty-Station1704 on

      Given how the government prefers to select some numbers and ignore others count on the true unemployment rate being double whatever figure they release.

    11. astarinthedark on

      Trudeau sold out Canadian workers, like he literally weaponized immigration to put us in our place because we didn’t want to work for cheap and in dangerous conditions during COVID. Look at the unemployment rate table for when he began ramping up immigration in 2021, it’s inherently linked. And they’re still printing tens of thousands work permits a month still with no end in sight.

    12. LeagueAggravating595 on

      6.6% seems rather optimistic. The reality seems more in the double digits.

    13. glenn_rodgers on

      Full time employment drops by 0.3% and part time rises by 1.8%. More excellent news lol.

    15. Difficult-Yam-1347 on

      Canada’s unemployment rate has gone from [4.8% to 6.6% in 25 month](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410028703&pickMembers%5B0%5D=3.1&pickMembers%5B1%5D=4.1&cubeTimeFrame.startMonth=07&cubeTimeFrame.startYear=2022&referencePeriods=20220701%2C20220701)s. Has the number of jobs gone down during that time? No, Canada went from having 19.7 million employed to 20.5 million employed. The problem is that the labour force has increased from 20.82 million to 22 million. The population over 15 increased by TWO MILLION!

      Demographics were going to be the workers’ best friend. The LPC put an end to that.

      [Meanwhile, the US unemployment fell to 4.2% in August. ](https://www.washingtonpost.com/business/2024/09/06/august-jobs-unemployment-labor-market/)[The US](https://www.washingtonpost.com/business/2024/09/06/august-jobs-unemployment-labor-market/),[ European](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Unemployment_statistics), and East Asian unemployment rates are all at or near their post-pandemic lows.

    16. Ok_Cauliflower6524 on

      6.6 per cent? That would be the people actively trying to get a job – just need to take a walk in the park 1pm to see how many people on working age are not participating in the economy but likely taking benefits – I dont want to give more details cause always the liberal simp will come to call me racist 

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