Jobless rate drops to 6.6%

Article Abstract:

The unemployment rate in Canada drops to 6.6% in the month of May, it's lowest in over 24 years.

Statistical Data Included, Employment

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Economy sheds 13,000 jobs

Article Abstract:

A new report from Statistics Canada shows that the country's unemployment rate rose from 7.5% in April to 7.8% in May 2003. The report, which records a loss of 13,000 job in May, provides support for a further cut in interest rates by the Bank of Canada.

Management dynamics, Labor Distribution by Employer, Management, Reports, Statistics, Company business management, Canada. Statistics Canada, Canada. Bank of Canada

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Rate hikes loom as jobs boom: Canadian, U.S. employment market gains in May blow through economists' forecasts

Article Abstract:

The Canadian economy increased 56,000 jobs in May 2004 that dropped the unemployment rate to 7.2 percent, which observers believe would prompt the Bank of Canada to raise interest rates. The U.S. economy added 248,000 jobs during May 2004 that made it a virtual certainty, which the economists predict, the Federal Reserve Board would hike rates at the end of June 2004.

Forecasts, trends, outlooks, Economic aspects, Forecasts and trends, Surveys, Market trend/market analysis

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