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Canada's Unemployment Rate Surges, Youth Hit Hardest
Published 1 week ago
Description
Canadas unemployment rate surged to 6.9% in April, with 18,000 jobs lost and more job seekers entering the market. Youth and men aged 25-54 were hit hardest, with unemployment rates of 14.3% and 6.1% respectively. Quebec and several other provinces experienced job losses, while wages rose by 4.5% year-over-year. As the situation evolves, regional shifts and wage growth will be crucial in stabilizing the job market.
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