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Canada’s unemployment rate matches the record low from the month before

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The total number of unemployed people held steady at one million in July. In addition, 426,000 people wanted a job but did not look for one, and therefore did not meet the definition of unemployed. This was little changed for the sixth consecutive month. The adjusted unemployment rate—which accounts for this source of potential labour supply—remained at 6.8%, the lowest rate since comparable data first became available in 1997.
Source:https://www.cicnews.com/2022/08/canada-continues-to-have-very-low-unemployment-rate-0829824.html#gs.80ydip
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Reviewed by: Pyramid eServices News DeskLast updated: 8 August 2022

Reference sources

  • https://www.cicnews.com/2022/08/canada-continues-to-have-very-low-unemployment-rate-0829824.html#gs.80ydip
  • https://www.canada.ca/en/services/immigration-citizenship.html
  • https://www.gov.uk/government/organisations/uk-visas-and-immigration
Canada’s unemployment rate matches the record low from the month before | Pyramid eServices | Pyramid eServices