Statistics Canada: Unemployment Rate

unemployment rate: In Waterloo Region, the unemployment rate rose to 8% from 7.5% and in Brantford the unemployment rate increased by 0.1% to 6.7%. Guelph had a little bit of encouraging news. Their unemployment rate fell 0.2% to 7.7%, according to CTV. In the last week alone, two manufacturers shut their doors in Waterloo Region: Gerdau Cambridge Mill and Barbarian Rugby Wear and The Canadian labour market took an unexpected turn for the worse last month. According to Statistics Canada, 39,000 people lost their jobs in July and the national unemployment rate now sits at 7.2%. This is the second consecutive month that the economy lost jobs, and the trend could continue into August. (www.immigrantscanada.com). As reported in the news.