Canada employment down -6.4k in Jul, unemployment rate rose to 5.5%

Canada employment fell -6.4k in July, below expectation of 15.5k growth. Unemployment rate rose from 5.4% to 5.5%, matched expectations, and marked the third consecutive monthly increase. Average hourly wages growth jumped from 4.2% yoy to 5.0% yoy. Total hours worked was virtually unchanged over the month, and up 2.1% yoy. Full Canada employment release […]

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