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Canadian economy stalls, creates paltry 200 net jobs last month

Posted: 8/12/2014 | Views: 4664

Canada’s unemployment rate fell to seven per cent in July, from 7.1 per cent the previous month, Statistics Canada reported Friday. Canada’s economy created just 200 net new jobs in July, widely missing economists’ forecasts amid other signs Canada’s economic growth rate is improving. Canada’s unemployment rate improved, falling a tenth of a point to 7 per cent last month, but that was mostly due to a decline in the size of labour pool as fewer people looked for work.

Source: The Star

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