Unemployment Rate

unemployment rate: Economists had expected payback from May's purported growth of 95,000 jobs and they got it with Friday morning's flat reading actually a statistically meaningless loss of 400 jobs in June, according to Huffington Post. That left the unemployment rate at 7.1 per cent, where it was in May and at the start of the year and OTTAWA - Job creation in Canada returned to earth last month as employers pulled back following an apparent hiring binge in May that proved too good to be sustained. More meaningful was the decline of 32,400 jobs among full-time workers, offset by similar-sized gains in part-time jobs. (www.immigrantscanada.com). As reported in the news.