Updated
Updated · frequencynews.ca · Jul 15
Kitchener-Cambridge-Waterloo Ties Ontario's Worst June Jobless Rate at 8.5%
Updated
Updated · frequencynews.ca · Jul 15

Kitchener-Cambridge-Waterloo Ties Ontario's Worst June Jobless Rate at 8.5%

1 articles · Updated · frequencynews.ca · Jul 15

Summary

  • StatCan put Kitchener-Cambridge-Waterloo at an 8.5% unemployment rate in June, tying it for the highest among Ontario’s 17 largest cities and municipalities.
  • That still marked a slight improvement from 8.7% in May, showing the region added and filled jobs even as it remained well above the provincial 7.0% and national 6.5% averages.
  • Nationally, the Tri-Cities also tied Oshawa for Canada’s second-highest rate among 44 major regions, trailing only Kelowna, British Columbia, at 9.2%.
  • Canada added about 18,000 jobs in June, while employment was up 99,000 from a year earlier, with workers aged 15 to 24 gaining 33,000 positions largely in part-time private-sector work.

Insights

Why is Canada's top innovation hub now facing Ontario's highest unemployment rate, revealing potential flaws in its economic model?
As private sector jobs vanish, is Canada's economy facing a structural crisis that conventional interest rate policies cannot fix?