The Globe and Mail·3 min read·medium
Canadian economy adds 75,100 jobs in July, U.S. sheds 23,000 positions
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Sophia Bertuzzi
✦AI Summary
Canada's economy added 75,100 jobs in July, significantly exceeding expectations and lowering the unemployment rate to 6.4 percent. Conversely, the U.S. economy unexpectedly shed 23,000 jobs, highlighting a divergence in labor market performance between the two nations.
The Canadian economy added a surprisingly large number of jobs in July, and the unemployment rate fell to a two-year low. The increase in Canadian jobs is in sharp contrast to the United States, which unexpectedly shed positions last month.
economybusiness
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