Canada’s economy shed more than 40,000 jobs in July, partially offset the earlier growth

The Canadian economy lost over 40,000 jobs in July, submerged the share of people employed at an eight -month low, Statistic Canada said on Friday, as the Labor Market returned the sufficient profit in June.

Contacation said that the unemployment rate remained stable, but at a height of 6.9 percent at a multi-year-high level, Stateson said.

The agency said that the economy left 40,800 jobs in July against the net addition of 83,000 jobs in June, or the percentage of people employed by the total working population of employment, up to 60.7 percent, the agency said.

Contacation said that the employment rate was the lowest since the epidemic and the loss of jobs was focused among the permanent employees.

The analysts voted by Reuters had speculated that the economy would include 13,500 jobs and the unemployment rate would last up to seven percent.

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