In July, 506,000 Canadians received regular Employment Insurance (EI) benefits, up by 14,000 (+2.9%) compared with June. This was the first increase since January 2022, and also the first increase not associated with a tightening of public health restrictions since the beginning of the COVID-19 pandemic.
According to the Labour Force Survey (LFS), the unemployment rate in July remained at a record low of 4.9%. This was followed by an increase in unemployment of 106,000 (+10.5%) in August, as indicated by the LFS for that reference month.
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