Skip to content

Canada’s unemployment rate rises by 7.1%, impact of U.S. tariffs

nabil bank

Ottawa. Canada’s unemployment rate rose to 7.1 percent in August, the highest since May 2016, canada’s statistical agency said on Friday.

Since January, the country’s unemployment rate has risen by 0.5 percentage points. If we look at the situation from 2017 to 2019, the average unemployment rate at that time was around 6 percent, which was the situation before the start of the corona virus epidemic.

According to the Statistical Agency, in August 1. There were 600,000 unemployed, an increase of 34,000 people (2.2 per cent) compared to July. Among Canada’s 20 major metropolitan areas, the highest unemployment rate in August was seen in southern Antario, with Windsor at 11.1 percent, Oshawa at 9 percent and Toronto at 8.9 percent.

Since the beginning of this year, these regions have been facing an uncertain economic situation due to the implementation of US tariffs, which have specifically affected motor vehicle exports.

Prabhu
sikhar insurance

प्रतिक्रिया दिनुहोस्

global ime