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Canadian economy lost 43,000 jobs in June

eAwaz Local News

Ottawa – Employment fell by 43,000 (-0.2%) in June. The unemployment rate fell 0.2 percentage points to a new record low of 4.9%, as fewer people searched for work. The employment loss was almost entirely due to a decrease among workers aged 55 and older. Across industries, a decline in the services-producing sector, particularly in retail trade, was moderated by gains in the goods-producing sector. …