👉Canada's unemployment rate rose to 6.6% in August, marking the highest level in over seven years, excluding the pandemic. While 22,100 jobs were added, the gains were limited to part-time positions. Analysts had anticipated a 6.5% jobless rate and 25,000 new jobs. Rising interest rates and sluggish GDP growth are driving concerns of a recession, as unemployment has increased by 1.6% since January 2023. Youth unemployment has surged, reaching its highest level in eight years. The Bank of Canada has cut rates, but further reductions may follow if economic conditions worsen.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #CanadaJobs #UnemploymentRate #EconomyUpdate #JobMarket #YouthUnemployment #BoC #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Young people in Toronto are finding it challenging to secure employment as the youth unemployment rate climbs to its highest level since 2016. Christine Erhirhie, a first-year student at the University of Toronto Mississauga, shared her months-long struggle to find a summer job. Statistics Canada data for April 2024 shows a national youth unemployment rate of 12.8%, with Toronto's rate even higher at 16.8%. The city's youth unemployment rate has not been this high in April since 2014, excluding the pandemic years. Employment agency CEOs acknowledge the difficulties young people face in landing jobs.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #YouthUnemployment #TorontoJobs #JobHunt #YouthEmploymentCrisis #TorontoYouth #JobMarket #EmploymentChallenges #mnm #malayalisnearmeapp #canadaupdate #canadanews