Canada shed 6,000 jobs in July, pushing up the unemployment rate 0.1 percentage points to 5.5 per cent — marking a third consecutive monthly increase, the government statistical agency said Friday.
Analysts were expecting a modest increase in new jobs following average monthly gains of 22,000 since the start of the year.
"This was the first time the unemployment rate had increased for three consecutive months since the early months of the Covid-19 pandemic," Statistics Canada said in a statement.
According to the agency, there were fewer people employed in construction (-45,000), public administration (-17,000), information, culture and recreation (-16,000) as well as in transportation and warehousing (-14,000).
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