Canadian unemployment rate fell during June
Monday, July 09, 2012 Regions
Employment levels in Canada made unexpected gains during June, with more firms adding staff to handle daily operations.
Figures released by Statistics Canada revealed that the country’s unemployment rate fell to 7.2 percent last month, lower than May's 7.3 percent. The total of 7,300 new jobs added was higher than the modest 5,000 predicted by economists, according to Bloomberg. Since February, 155,500 jobs have been added, though some have warned about a potential slowdown due to the economic downturn in the United States.
“It’s going to be very difficult for Canada to hold up these job gains with what is happening in the U.S.,” said Camilla Sutton, head of currency strategy for Bank of Nova Scotia, in an interview with the source. “The focus is on the U.S.”
There has been other good news for Canadian job seekers as of late. In May, a BMO Bank of Montreal Survey found that 46 percent of employers plan to add staff before the end of the year.
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