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Biggest Gain Of Employment Insurance Recipients Since May 2021

CANADA DATA
  • Federal jobless benefit recipients rose a third straight month with a 6% increase in July, StatsCan said Thursday
  • Since April the total climbed by 10.5%, though YOY it's down 14.6%
  • Increase mirrors rising unemployment this year from record lows; BOC has suggested labor market easing is one reason it paused rate hikes earlier this month

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