Nonfarm payrolls increase by 206,000 in June May job gains revised sharply down to 218,000 from 272,000 Unemployment rate rises to 4.1% from 4.0% Average hourly earnings gain 0.3%; up 3.9% year-on-year WASHINGTON, – U.S. employment increased solidly in June, but government and healthcare services hiring made up about three-quarters […]
unemployment rate
Bank of Canada Governor Tiff Macklem reiterated that the country’s economy is headed for a soft landing, saying he expects the unemployment rate to rise but that a large increase isn’t needed to achieve the inflation target. On Monday, Macklem said Canada’s unemployment rate — which hit 6.2% in May […]