Ottawa 10th of September : The unemployment rate in Canada increased to 5.4 percent in August, for the first time in seven months, Statistics Canada has said.The rate of unemployment, which increased 0.5 percent from the record-low of 4.9 percent recorded in July and June this was the first increase that did not coincide with the tightening of the public health restrictions in the months since May 2020 in which the unemployment rate hit its highest level of pandemic, Xinhua news agency cited the agency that tracks national statistics as saying.
The rate of unemployment increased in the four of the six major segments of the demographic in August, which included young men aged between 15 and 24 years old, women who are 55 or older core-aged men as well as core-aged women.
There was no change in the rates of younger women as well as older men The agency noted.
The rate of unemployment adjusted, which includes those who were looking for work but didn’t look for one, increased by 0.5 percent to 7.3 percent in August.The increase was due to the increase in the numbers of unemployment, not an increase in people who were not in the workforce but still wanted work as per the agency.
Long-term unemployment, or the amount of people who were in continuous unemployment for a period of 27 weeks or more increased by 22,000 or 13.7 percent in August, which was in contrast to the same decline in July.Long-term unemployment as a percentage of the total workforce was 0.9 percent in August, which was the same as the February 2020 pre-pandemic levels the agency reported.
The rate of unemployment of newly arrived immigrants has a direct influence on the labor market in the largest cities in Canada that attract a large proportion of new immigrants.
Both the Toronto and Montreal economic regions the unemployment rate was higher than the average for all of Canada in August, according to Statistics Canada.
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