Unemployment and Statistics Canadas

Statistics Canadas: Statistics Canadas fix of a data error in its job market survey for July perked up the Canadian dollar and had much of the country breathing a sigh of relief on the weekend, according to The Chronicle Herald. As the agency pointed out, if we used the same measurement of unemployment as the U.S., Canadas rate would be 6.1 per cent, compared with 6.2 per cent south of the border. This compares with 5.1 per cent in Germany, 6.5 per cent in Britain, six per cent in Australia and 9.8 per cent in France, using a U.S. definition and It turned a miniscule net gain of only 200 jobs for the whole country into a more respectable, but still modest, increase of 42,000. That reduced the national unemployment rate by a tenth of a percentage point, to seven per cent. (www.immigrantscanada.com). As reported in the news.