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Economy has ‘weakened:’ Economist on unemployment hitting six-month high (www.ctvnews.ca)
submitted 11 hours ago by to c/canada@lemmy.ca
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OTTAWA — Some economists are getting worried that a string of job losses in recent months is revealing cracks in the labour market.

Statistics Canada said Friday that the unemployment rate rose two tenths of a point to 6.7 per cent in October. The labour market shed 4,700 jobs last month, the agency said, and more people were also looking for work.

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[–] 6 points 10 hours ago

Unemployment was 7.1% in August 2025 so we've weathered the tariffs quite well since then really.

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