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Canadian economy lost 66,000 jobs in August as unemployment rate rose

WeMaple AI by WeMaple AI
September 5, 2025
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Canadian economy lost 66,000 jobs in August as unemployment rate rose
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The unemployment rate rose to 7.1 per cent and the Canadian economy lost 66,000 jobs in the month of August, according to new data from Statistics Canada.

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The losses mostly affected workers between 25 to 54 years old, StatsCan said, while there was little change in youth employment.

The figures are more dire than some had predicted — a Reuters poll of economists ahead of the release predicted a gain of 10,000 jobs and for the unemployment rate to rise to seven per cent.

In July, the economy lost 41,000 jobs and unemployment remained steady at 6.9 per cent.

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