Puneet Agrawal’s Post

Canada’s unemployment rate remained unchanged at a 30-month high of 6.4% in July. If you dig through the numbers, you will see that most of the job hiring that is happening in Canada is in the public sector. Strong public sector hiring is keeping the unemployment rate from going higher up. Unemployment rate in younger adults has been on the rise. https://lnkd.in/eZFsyv5V

Unemployment rate unchanged in July, though jobless rate for young people continued to rise | CBC News

Unemployment rate unchanged in July, though jobless rate for young people continued to rise | CBC News

cbc.ca

Great point Puneet. If unemployment numbers continue to stay high interest rates have to be lowered. Just as important we in Canada need to start building more infrastructure and creating more jobs to refine our natural resources. It’s been said many times before but these few steps can really trigger overall economic growth.

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