๐Canada's employment remained stable in June, with a minor reduction of 1,400 jobs, causing the employment rate to drop by 0.2 percentage points to 61.1%. This marks the eighth decrease in nine months, with a total drop of 1.3 percentage points since early 2023. The unemployment rate increased to 6.4%, up by 0.2 percentage points from May and 1.3 points since April 2023, signaling challenges in job security. According to TD Economist Leslie Preston, the weakening job market likely influenced the Bank of Canada's recent decision to consider lowering interest rates, with potential cuts anticipated in upcoming months.โ . ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐ก๐จ๐ฆ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ง๐ ๐๐๐ซ๐ ๐ก๐๐ฌ๐, ๐๐ง๐ญ๐๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐ฑ๐ฉ๐๐ซ๐ญ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ @neena.robin . . #CanadaJobs #UnemploymentRate #LabourMarket #JobMarketTrends #BankOfCanada #EconomicOutlook #EmploymentNews #mnm #malayalisnearmeapp #canadaupdate #canadanews
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