👉Canada's unemployment rate climbed to 6.1% in March, with job growth halting, according to Statistics Canada. This marks the largest increase since summer 2022. The labour force survey indicates minimal change in employment, with a loss of 2,200 jobs. Rising interest rates and strong population growth contribute to the economic strain. Youth employment is notably affected, with a decline of 28,000 jobs and a 12.6% unemployment rate among 15 to 24-year-olds. Major job losses were seen in accommodation and food services, while health care and social assistance sectors saw increases. Despite this, average hourly wages rose by 5.1% annually. The Bank of Canada's upcoming interest rate decision is highly anticipated amidst these economic indicators.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaUnemployment #JobGrowth #StatisticsCanada #EconomicData #YouthEmployment #InterestRates #BankofCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉In the latest report from Statistics Canada, it has been revealed that the Canadian economy experienced a notable increase in job creation, with 64,000 new positions added last month. This development is occurring against the backdrop of the country's robust population growth. Despite various economic fluctuations over the past year due to factors like rising interest rates, the unemployment rate has managed to hold steady at a respectable 5.5%. Interestingly, the job gains observed in the recent report were primarily in the realm of part-time employment. Additionally, there was an upswing in the number of individuals working in educational services, transportation, and warehousing sectors. However, not all sectors experienced positive growth, as job losses were reported in areas such as finance, insurance, real estate rental and leasing, construction, as well as information and recreation. This mixed picture reflects the complex dynamics at play in Canada's ever-evolving labour market.✅ . . #CanadaEconomy #CanadaJobs #CanadaUnemployment #CanadaEmployment #CanadaLaborMarket #EconomicUpdate #CanadaJobMarketTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews