Canada’s unemployment rate jumped to 6.1 per cent in March as more people looked for work in an economy bogged down by high-interest rates.
In a statement released on Friday, April 5, Statistics Canada said employment declined in the hospitality and food sectors, in wholesale and retail trade and in the professional, scientific and technical services sectors.
Jobs were added in health care and social assistance, and the average hourly wage rose 5.1 percent in March, compared with the same period in 2023.
The employment rate, the segment of the population aged 15 and over who are employed fell for the sixth month in a row due to a population boom and now stands at 61.4 percent.
The jump in unemployment comes as high borrowing costs weigh on businesses and strong population growth continues to add to the country’s labour supply. The unemployment rate was up one percentage point on a year-over-year basis.
By Femi Fani-Kayode THISday Newspapers “I don’t want this country to turn into the one…
The UK government has revealed plans to issue 45,000 Seasonal Worker visas in 2025 to…
President Bola Tinubu will depart Nigeria for Saudi Arabia. The Publisher Nigeria reports that President Bola…
Dear Mr. Rhodes-Vivour, Thank you for giving us your viewpoint. But actually, your views on…
Babatunde Fashola, former Minister of Power, Works and Housing, has asked Nigerian youths to stay…
A few weeks ago, I spoke at a symposium in my university here in Georgia…