Unemployment Rate Ticks Up to 5.4 Percent in August as Economy Loses 40K Jobs

Unemployment Rate Ticks Up to 5.4 Percent in August as Economy Loses 40K Jobs
A sign for help wanted is pictured in a business window in Ottawa on July 12, 2022. The Canadian Press/Sean Kilpatrick
The Canadian Press
Updated:
0:00
Canada’s unemployment rate was 5.4 percent in August, ticking up for the first time in seven months.

The economy lost 40,000 jobs last month, Statistics Canada reported in its latest labour force survey, with the losses concentrated in the public sector.