By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Canada’s unemployment rate rises to 6.1%
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > Canada’s unemployment rate rises to 6.1%
News

Canada’s unemployment rate rises to 6.1%

Godson
Last updated: April 6, 2024 5:05 am
Godson
Published: April 6, 2024
Share
SHARE

Canada’s unemployment rate jumped to 6.1 per cent in March as more people looked for work in an economy bogged down by high-interest rates.

In a statement released on Friday, April 5, Statistics Canada said employment declined in the hospitality and food sectors, in wholesale and retail trade and in the professional, scientific and technical services sectors.

Jobs were added in health care and social assistance, and the average hourly wage rose 5.1 percent in March, compared with the same period in 2023.

The employment rate, the segment of the population aged 15 and over who are employed fell for the sixth month in a row due to a population boom and now stands at 61.4 percent.

The jump in unemployment comes as high borrowing costs weigh on businesses and strong population growth continues to add to the country’s labour supply. The unemployment rate was up one percentage point on a year-over-year basis.

 

You Might Also Like

I have no regret announcing Binani as Adamawa Gov-Elect – Suspended REC says
Wike approves N1.1 billion compensation for owners of buildings demolished for Kuje-Airport road project
US threatens to ban TikTok if Chinese owners don’t sell stake
2023 Elections: Edo State Govt begins probe into killing of two voters
Lagos government asks shanty owners on blue rail corridor to leave

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Reno Omokri tackles people who always say ‘’May Nigeria not happen to me’’
  • Two arrested for trafficking 16-year-old Ogun girl to Libya
  • Zimbabwe to sue Lithuania after 17 fire tenders are seized and auctioned
  • ‘I Can’t Be Sharing Money’ – Bovi Opens On Split With Basketmouth
  • South African ambassador, Nathi Mthethwa d!es in plunge from 22nd floor of famous Hyatt Hotel in Paris

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?