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Statistics Canada is set to release the latest labor market survey data for July this morning. According to economists polled by Reuters, it is expected that 15,000 jobs were created in Canada in July, compared to 18,200 in June. The unemployment rate is anticipated to remain unchanged at 6.5%. Experts believe that the labor market is stabilizing after a slight decline and reduction in jobs by employers in the first quarter of the year.
Statistics Canada’s release of the jobs numbers for July is expected to provide further insight into the current state of the Canadian labor market.
Article and image source: russianweek.ca
