NEWS

Canadian employment report shows higher than expected job losses in the past two months

Updated: August 5, 2022 at 10:57 pm EST  See Comments

Fri Aug 5, 2022 – 9:51 pm EDTFri Aug 5, 2022 – 9:52 pm EDT

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(LifeSiteNews) — Statistics Canada’s most recent data shows that the number of jobs in the nation dropped by over 30,000 in July, bringing the total number of jobs lost in the last two months to nearly 75,000.  

To make matters worse, the 31,000 figure takes into account the 23,000 jobs that were added in July, meaning in raw numbers, roughly 53,000 jobs were lost in a one-month period.  

The healthcare sector alone made up 22,000 of those 53,000 lost jobs, which is a sector that has become notorious in Canada for already having a destabilizing worker shortage.  

Despite the “unexpected” decrease in jobs through June and July – economists had predicted a job increase — the unemployment rate reportedly remained the same at a low 4.9 percent. 

According to CBC News, this is because as the number of jobs in existence has gone down, so too has

The remainder of this article is available in its entirety at LifeSite News

The views expressed in this news alert by the author do not directly represent that of The Official Street Preachers or its editors

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