Canada Employment Falls -41.7K as Participation and Wage Growth Weaken

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Canada’s labor market weakened notably in August, with employment swinging from +75.1K in July to -41.7K, against expectations for a 15.1K increase. Employment rate slipped from 60.9% to 60.8%, while unemployment held at 6.4%. Stability in unemployment rate was less reassuring than headline suggested, however, as labor force contracted by 36.8K and participation rate fell […]The post Canada Employment Falls -41.7K as Participation and Wage Growth Weaken appeared first on ActionForex.